OR Royalties (OR) Operating Expenses (2015 - 2026)
OR Royalties (OR) recorded quarterly Operating Expenses of -$19.2 million in Q1 2026, down 8.36% quarter-over-quarter from -$17.8 million in Q4 2025, and down 230.19% on a YoY basis from $14.8 million in Q1 2025.
OR Royalties (OR) Operating Expenses (2015 - 2026) Analysis & Trends
OR Royalties' Operating Expenses history runs 12 years deep, the most recent figure standing at -$19.2 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 230.19% year-over-year to -$19.2 million; the TTM figure through Mar 2026 stood at -$70.5 million (down 154.69% YoY), while the FY2025 annual figure was -$66.0 million, down 216.73% from the prior year.
- Operating Expenses was -$19.2 million for Q1 2026 at OR Royalties, down from -$17.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $15.7 million in Q1 2023 to a low of -$22.3 million in Q3 2023.
- Historically, Operating Expenses has averaged -$10.8 million across 5 years, with a median of -$15.7 million in 2024.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses surged 204.76% in 2025, then tumbled 230.19% in 2026.
- A 5-year view of Operating Expenses shows it stood at -$15.3 million in 2022, then fell by 8.79% to -$16.7 million in 2023, then rose by 5.95% to -$15.7 million in 2024, then slipped by 13.33% to -$17.8 million in 2025, then slipped by 8.36% to -$19.2 million in 2026.
- The last three Operating Expenses figures came in at -$19.2 million (Q1 2026), -$17.8 million (Q4 2025), and -$17.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | -4.48 Mn |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 155.00 Mn |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 76.85 Mn |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 19.40 Mn |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 83.10 Mn |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 2.84 Bn |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | 300,000.00 |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 999.00 Mn |
| 10 | OR Royalties | 12,304.50 | -94.93 Mn | 88.84 Mn | -19.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.25 Mn |
| Dec 31, 2025 | -17.76 Mn |
| Sep 30, 2025 | -17.08 Mn |
| Jun 30, 2025 | -16.38 Mn |
| Mar 31, 2025 | 14.78 Mn |
| Dec 31, 2024 | -15.67 Mn |
| Sep 30, 2024 | -12.98 Mn |
| Jun 30, 2024 | -13.80 Mn |
| Mar 31, 2024 | -14.11 Mn |
| Dec 31, 2023 | -16.66 Mn |
| Sep 30, 2023 | -22.32 Mn |
| Jun 30, 2023 | -16.06 Mn |
| Mar 31, 2023 | 15.68 Mn |
| Dec 31, 2022 | -15.32 Mn |
| Sep 30, 2022 | -15.76 Mn |
| Jun 30, 2022 | -14.16 Mn |
| Mar 31, 2022 | 13.86 Mn |
| Dec 31, 2021 | -14.36 Mn |
| Sep 30, 2021 | -14.43 Mn |
| Jun 30, 2021 | -8.37 Mn |