Royal Gold (RGLD) Operating Expenses (2009 - 2026)

Royal Gold (RGLD) posted quarterly Operating Expenses of $172.0 million for Q1 2026, up 144.63% year-over-year from $70.3 million in Q1 2025, and up 4.61% on a QoQ basis from $164.5 million in Q4 2025.

Royal Gold (RGLD) Operating Expenses (2009 - 2026) Analysis & Trends

Royal Gold (RGLD) has reported Operating Expenses for 18 consecutive years, with $172.0 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 144.63% year-over-year to $172.0 million; the TTM figure through Mar 2026 stood at $494.0 million (up 72.46% YoY), while the FY2025 annual figure was $392.3 million, up 35.51% from the prior year.
  • Operating Expenses came in at $172.0 million for Q1 2026 at Royal Gold, up from $164.5 million in the prior quarter.
  • The five-year high for Operating Expenses was $172.0 million in Q1 2026, with the low at $67.8 million in Q2 2025.
  • Average Operating Expenses over 5 years is $86.8 million, with a median of $73.4 million recorded in 2024.
  • Across the five-year window, Operating Expenses sank 47.83% in 2022 and surged 144.63% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $89.5 million in 2022, then dropped by 18.49% to $73.0 million in 2023, then decreased by 5.29% to $69.1 million in 2024, then jumped by 137.94% to $164.5 million in 2025, then climbed by 4.61% to $172.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $172.0 million, $164.5 million, and $89.7 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 Royal Gold 16.84 Bn 16.65 Bn 408.79 Mn 172.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 172.03 Mn
Dec 31, 2025 164.45 Mn
Sep 30, 2025 89.72 Mn
Jun 30, 2025 67.80 Mn
Mar 31, 2025 70.33 Mn
Dec 31, 2024 69.12 Mn
Sep 30, 2024 74.99 Mn
Jun 30, 2024 72.01 Mn
Mar 31, 2024 73.38 Mn
Dec 31, 2023 72.98 Mn
Sep 30, 2023 73.06 Mn
Jun 30, 2023 72.15 Mn
Mar 31, 2023 84.34 Mn
Dec 31, 2022 89.53 Mn
Sep 30, 2022 69.66 Mn
Jun 30, 2022 78.54 Mn
Mar 31, 2022 81.78 Mn
Dec 31, 2021 171.59 Mn
Sep 30, 2021 87.02 Mn
Jun 30, 2021 82.06 Mn