Largo (LGO) Operating Expenses (2020 - 2026)

Largo (LGO) recorded quarterly Operating Expenses of -$34.5 million in Q1 2026, down 33.74% quarter-over-quarter from -$25.8 million in Q4 2025, and up 18.79% on a YoY basis from -$29.0 million in Q1 2025.

Largo (LGO) Operating Expenses (2020 - 2026) Analysis & Trends

Largo's Operating Expenses history runs 7 years deep, the most recent figure standing at -$34.5 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 18.79% year-over-year to -$34.5 million; the TTM figure through Mar 2026 stood at -$124.7 million (down 433.09% YoY), while the FY2025 annual figure was $161.6 million, up 10.8% from the prior year.
  • Operating Expenses was -$34.5 million for Q1 2026 at Largo, down from -$25.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $43.0 billion in Q2 2023 to a low of -$50.7 million in Q2 2022.
  • Historically, Operating Expenses has averaged $2.5 billion across 5 years, with a median of -$36.4 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 2337.54% in 2022, then jumped 84963.13% in 2023.
  • A 5-year view of Operating Expenses shows it stood at -$44.5 million in 2022, then advanced by 2.78% to -$43.2 million in 2023, then soared by 437.4% to $145.8 million in 2024, then tumbled by 117.69% to -$25.8 million in 2025, then plunged by 33.74% to -$34.5 million in 2026.
  • The last three Operating Expenses figures came in at -$34.5 million (Q1 2026), -$25.8 million (Q4 2025), and -$34.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - 15.97 Mn
4 Ioneer 10.78 Bn 10.76 Bn - 209.01 Mn
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 157.04 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 44.65 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -11.78 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn 57.09 Mn
10 Largo 77,111.03 -8.46 Mn - -34.49 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -34.49 Mn
Dec 31, 2025 -25.79 Mn
Sep 30, 2025 -34.31 Mn
Jun 30, 2025 -30.06 Mn
Mar 31, 2025 -42.48 Mn
Dec 31, 2024 145.82 Mn
Sep 30, 2024 -29.54 Mn
Jun 30, 2024 -36.38 Mn
Mar 31, 2024 -49.71 Mn
Dec 31, 2023 -43.22 Mn
Sep 30, 2023 -42.58 Mn
Jun 30, 2023 43.03 Bn
Mar 31, 2023 -45.93 Mn
Dec 31, 2022 -44.46 Mn
Sep 30, 2022 -45.60 Mn
Jun 30, 2022 -50.70 Mn
Mar 31, 2022 -28.96 Mn
Dec 31, 2021 -37.75 Mn
Sep 30, 2021 -32.13 Mn
Jun 30, 2021 -34.97 Mn