OR Royalties (OR) Operating Expenses (2015 - 2026)
OR Royalties (OR) posted quarterly Operating Expenses of -$19.2 million for Q1 2026, down 230.19% year-over-year from $14.8 million in Q1 2025, and down 8.36% on a QoQ basis from -$17.8 million in Q4 2025.
OR Royalties (OR) Operating Expenses (2015 - 2026) Analysis & Trends
OR Royalties (OR) has reported Operating Expenses for 12 consecutive years, with -$19.2 million the latest figure, recorded in 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 came in at -$19.2 million for Q1 2026 at OR Royalties, down from -$17.8 million in the prior quarter.
- The five-year high for Operating Expenses was $15.7 million in Q1 2023, with the low at -$22.3 million in Q3 2023.
- Average Operating Expenses over 5 years is -$12.4 million, with a median of -$15.8 million recorded in 2022.
- Across the five-year window, Operating Expenses plunged 239.85% in 2022 and jumped 230.29% in 2023, its largest moves.
- Year by year, Operating Expenses stood at -$15.3 million in 2022, then retreated by 8.87% to -$16.7 million in 2023, then rose by 6.02% to -$15.7 million in 2024, then fell by 13.33% to -$17.8 million in 2025, then fell by 8.36% to -$19.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$19.2 million, -$17.8 million, and -$17.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | -39,000.00 |
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 | -16.67 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 | -16.16 Mn |
| Mar 31, 2022 | -12.04 Mn |
| Dec 31, 2021 | -10.25 Mn |
| Sep 30, 2021 | -14.43 Mn |
| Jun 30, 2021 | -8.37 Mn |