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| Date | Value |
|---|---|
| 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 |