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% quarter-over-quarter from -$17.8 million in Q4 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 for Q1 2026 stood at -$19.2 million, 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.
- The 5-year median for Operating Expenses is -$15.8 million (2022), against an average of -$12.4 million.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses soared 230.29% in 2023, then slumped 230.19% in 2026.
- OR Royalties' Operating Expenses stood at -$15.3 million in 2022, then slipped by 8.87% to -$16.7 million in 2023, then advanced by 6.02% to -$15.7 million in 2024, then decreased by 13.33% to -$17.8 million in 2025, then decreased by 8.36% to -$19.2 million in 2026.
- Business Quant data shows OR's Operating Expenses at -$19.2 million in Q1 2026, -$17.8 million in Q4 2025, and -$17.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.45 Bn | 131.44 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 108.80 Bn | 105.34 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 79.45 Bn | 73.52 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 71.58 Bn | 71.48 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 42.71 Bn | 40.93 Bn | - | - |
| 7 | Pan American Silver | 22.35 Bn | 20.78 Bn | 457,000.00 | -18,000.00 |
| 8 | Royal Gold | 21.96 Bn | 21.77 Bn | 390.45 Mn | 173.18 Mn |
| 9 | Coeur Mining | 21.68 Bn | 20.62 Bn | 535.85 Mn | 869.08 Mn |
| 10 | OR Royalties | 6.76 Bn | 6.69 Bn | 82.22 Mn | -19.41 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 | -16.67 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 | 22.76 Mn |
| Jun 30, 2021 | 29.43 Mn |