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
DateValue
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