OR Royalties (OR) Operating Expenses (2015 - 2026)
OR Royalties (OR) posted Operating Expenses of -$19.4 million for Q2 2026, down 0.86% on a QoQ basis from -$19.2 million in Q1 2026, and down 18.53% year-over-year from -$23.8 million in Q2 2025.
Analysis
OR Royalties (OR) Operating Expenses (2015 - 2026) Analysis & Trends
OR Royalties has reported Operating Expenses for 12 years, with the latest figure at -$19.4 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 18.53% year-over-year to -$19.4 million in Q2 2026; TTM through Jun 2026 was -$73.5 million, a 142.99% decrease from a year earlier, with the FY2025 full-year figure at -$66.0 million, down 16.73% from the prior year.
- Operating Expenses was -$19.4 million for Q2 2026 at OR Royalties, down from -$19.2 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 -$13.0 million, with a median of -$15.9 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses plunged 277.14% in 2022, then soared 204.76% in 2025.
- Over 5 years, Operating Expenses stood at -$15.3 million in 2022, then declined by 8.87% to -$16.7 million in 2023, then grew by 6.02% to -$15.7 million in 2024, then dropped by 13.33% to -$17.8 million in 2025, then decreased by 9.3% to -$19.4 million in 2026.
- The last three Operating Expenses figures came in at -$19.4 million (Q2 2026), -$19.2 million (Q1 2026), and -$17.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.64 Bn | 43.64 Bn | 4.68 Bn | 4.66 Bn |
| 2 | Royalty Pharma | 26.15 Bn | 25.32 Bn | - | 541.02 Mn |
| 3 | Royal Gold | 21.54 Bn | 21.36 Bn | 390.45 Mn | 173.18 Mn |
| 4 | OR Royalties | 6.72 Bn | 6.64 Bn | 82.22 Mn | -19.41 Mn |
| 5 | Encore Capital | 2.11 Bn | 1.93 Bn | 455.04 Mn | 304.97 Mn |
| 6 | Atlanticus Holdings | 1.41 Bn | 857.38 Mn | 686.46 Mn | 157.57 Mn |
| 7 | Jefferson Capital | 1.18 Bn | 1.15 Bn | - | 95.35 Mn |
| 8 | Upbound | 1.06 Bn | 953.54 Mn | 594.84 Mn | 540.58 Mn |
| 9 | Lufax Holding | 1.05 Bn | -1.58 Bn | - | -1.02 Bn |
| 10 | Burford Capital | 962.26 Mn | 962.26 Mn | - | 47.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.41 Mn |
| 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 | -15.25 Mn |
| Dec 31, 2021 | -10.25 Mn |
| Sep 30, 2021 | -17.11 Mn |