Sprott Physical Gold Trust (PHYS) Operating Expenses (2010 - 2026)
Sprott Physical Gold Trust's Operating Expenses came in at $16.42 million for the quarter ended Jun 30, 2026, up 43.2% from $11.47 million a year earlier but down 5.8% from the prior quarter.
Sprott Physical Gold Trust (PHYS) Operating Expenses (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Sprott Physical Gold Trust reported Operating Expenses of $13.02 million, up 91.5% year-over-year; for the year ended Dec 31, 2025, it was $110.00, up 37.5% from the prior year.
- Operating Expenses carries a five-year compound annual growth rate of 12.9% (years ended Dec 2020 to Dec 2025).
- Going back by year, Operating Expenses was $80.00 in the year ended Dec 31, 2024 (+33.3%), $60.00 in the year ended Dec 31, 2023 (unchanged), $60.00 in the year ended Dec 31, 2022 (unchanged) and $60.00 in the year ended Dec 31, 2021 (unchanged).
- The five-year range for quarterly Operating Expenses is -$33.42 million (the quarter ended Dec 31, 2025) to $17.43 million (the quarter ended Mar 31, 2026).
- Across the past five years, year-over-year growth in Operating Expenses ran from 3.7% in the quarter ended Mar 31, 2022 to 86.1% in the quarter ended Mar 31, 2026.
- Business Quant data shows PHYS's Operating Expenses at $17.43 million (quarter ended Mar 31, 2026), -$33.42 million (quarter ended Dec 31, 2025) and $12.58 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 202.42 Bn | -2,097.46 Bn | 24.75 Bn | 14.22 Bn |
| 2 | Bhp | 197.82 Bn | 141.00 Bn | - | - |
| 3 | Bank Of Nova Scotia | 114.82 Bn | -316.58 Bn | - | 3.98 Bn |
| 4 | Nokia | 46.63 Bn | 46.63 Bn | 2.58 Bn | -2.56 Bn |
| 5 | Haleon | 45.97 Bn | 39.68 Bn | - | - |
| 6 | Gold Fields | 30.93 Bn | 27.86 Bn | - | - |
| 7 | Smith & Nephew | 27.06 Bn | 24.45 Bn | - | -1.56 Bn |
| 8 | Sprott Physical Gold Trust | 14.36 Bn | 14.22 Bn | - | -30.00 |
| 9 | Magnum Ice Cream | 11.66 Bn | 10.35 Bn | - | - |
| 10 | Sprott Physical Silver Trust | 10.66 Bn | 10.33 Bn | - | -30.00 |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -30.00 |
| Mar 31, 2026 | -40.00 |
| Dec 31, 2025 | 180.00 |
| Sep 30, 2025 | -20.00 |
| Jun 30, 2025 | -30.00 |
| Mar 31, 2025 | -20.00 |
| Dec 31, 2024 | 140.00 |
| Sep 30, 2024 | -20.00 |
| Jun 30, 2024 | -20.00 |
| Mar 31, 2024 | -20.00 |
| Dec 31, 2023 | 110.00 |
| Sep 30, 2023 | -20.00 |
| Jun 30, 2023 | -10.00 |
| Mar 31, 2023 | -20.00 |
| Dec 31, 2022 | 100.00 |
| Sep 30, 2022 | 5.70 Mn |
| Jun 30, 2022 | 5.94 Mn |
| Mar 31, 2022 | -20.00 |
| Dec 31, 2021 | -14.88 Mn |
| Sep 30, 2021 | 5.09 Mn |
Sprott Physical Gold Trust Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PHYS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PHYS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PHYS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();