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
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 -16.66 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