NexMetals Mining (NEXM) Operating Expenses (2023 - 2026)
NexMetals Mining (NEXM) reported Operating Expenses of $7.9 million for Q1 2026, up 26.91% year-over-year from $6.2 million in Q1 2025, and down 18.13% quarter-over-quarter from $9.6 million in Q4 2025.
NexMetals Mining (NEXM) Operating Expenses (2023 - 2026) Analysis & Trends
NexMetals Mining (NEXM) has 4 years of Operating Expenses data on file, last reported at $7.9 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $7.9 million, up 26.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $39.8 million (up 37.87% YoY), and the FY2025 annual result was $38.1 million, up 34.09% from the prior year.
- Operating Expenses fell to $7.9 million in Q1 2026 per NEXM's latest filing, from $9.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $11.3 million in Q3 2025 and troughed at $4.6 million in Q1 2023.
- A 4-year average of $7.5 million and a median of $7.1 million in 2023 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 65.31% in 2025 and fell as far as 2.63% in 2025.
- A 4-year view of Operating Expenses shows it stood at $7.1 million in 2023, then advanced by 8.75% to $7.8 million in 2024, then rose by 23.51% to $9.6 million in 2025, then slipped by 18.13% to $7.9 million in 2026.
- Business Quant data shows NEXM's Operating Expenses at $7.9 million in Q1 2026, $9.6 million in Q4 2025, and $11.3 million in Q3 2025.
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 | NexMetals Mining | 66.82 Mn | 47.70 Mn | - | 7.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.86 Mn |
| Dec 31, 2025 | 9.60 Mn |
| Sep 30, 2025 | 11.32 Mn |
| Jun 30, 2025 | 11.03 Mn |
| Mar 31, 2025 | 6.19 Mn |
| Dec 31, 2024 | 7.77 Mn |
| Sep 30, 2024 | 8.23 Mn |
| Jun 30, 2024 | 6.67 Mn |
| Mar 31, 2024 | 6.36 Mn |
| Dec 31, 2023 | 7.14 Mn |
| Sep 30, 2023 | 5.10 Mn |
| Jun 30, 2023 | 5.72 Mn |
| Mar 31, 2023 | 4.55 Mn |