Largo (LGO) Operating Expenses (2020 - 2026)
Largo (LGO) posted Operating Expenses of -$893000.0 for Q2 2026, up 97.41% on a QoQ basis from -$34.5 million in Q1 2026, and up 97.03% year-over-year from -$453232.8 in Q2 2025.
Analysis
Largo (LGO) Operating Expenses (2020 - 2026) Analysis & Trends
Largo has reported Operating Expenses for 7 years, with the latest figure at -$893000.0 in Q2 2026.
- On a quarterly basis, Operating Expenses rose 97.03% year-over-year to -$893000.0 in Q2 2026; TTM through Jun 2026 was -$95.5 million, a 318.29% decrease from a year earlier, with the FY2025 full-year figure at -$132.6 million, up 9.04% from the prior year.
- Operating Expenses was -$893000.0 for Q2 2026 at Largo, up from -$34.5 million in the prior quarter.
- The five-year high for Operating Expenses was $145.8 million in Q4 2024, with the low at -$50.7 million in Q2 2022.
- Average Operating Expenses over 5 years is -$26.8 million, with a median of -$42.5 million recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 417.47% in 2024, then slumped 117.69% in 2025.
- Over 5 years, Operating Expenses stood at -$44.5 million in 2022, then decreased by 3.32% to -$45.9 million in 2023, then soared by 417.47% to $145.8 million in 2024, then slumped by 117.69% to -$25.8 million in 2025, then soared by 96.54% to -$893000.0 in 2026.
- The last three Operating Expenses figures came in at -$893000.0 (Q2 2026), -$34.5 million (Q1 2026), and -$25.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 174.97 Bn | 167.64 Bn | 2.90 Bn | 1.67 Bn |
| 2 | Freeport-Mcmoran | 109.93 Bn | 105.85 Bn | 2.19 Bn | 5.03 Bn |
| 3 | Teck Resources | 32.69 Bn | 28.21 Bn | 1.21 Bn | -76.63 Mn |
| 4 | Carpenter Technology | 22.96 Bn | 22.57 Bn | 268.90 Mn | 62.00 Mn |
| 5 | Hudbay Minerals | 11.39 Bn | 10.34 Bn | 269.00 Mn | 39.10 Mn |
| 6 | Ero Copper | 3.97 Bn | 3.87 Bn | 121.42 Mn | -12.54 Mn |
| 7 | Almonty Industries | 3.80 Bn | 2.92 Bn | 18.87 Mn | 10.86 Mn |
| 8 | Nexa Resources | 1.89 Bn | 1.49 Bn | 257.20 Mn | -60.76 Mn |
| 9 | TMC the metals | 1.86 Bn | 1.76 Bn | - | 5.81 Mn |
| 10 | Largo | 48.84 Mn | 43.74 Mn | - | -893,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -893,000.00 |
| 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 | -45.93 Mn |
| Sep 30, 2023 | -42.58 Mn |
| Jun 30, 2023 | -43.03 Mn |
| Mar 31, 2023 | -45.93 Mn |
| Dec 31, 2022 | -44.46 Mn |
| Sep 30, 2022 | -45.60 Mn |
| Jun 30, 2022 | -50.70 Mn |
| Dec 31, 2021 | -37.75 Mn |
| Sep 30, 2021 | -32.13 Mn |
| Jun 30, 2021 | -34.97 Mn |