Sprott (SII) Operating Expenses (2019 - 2026)
Sprott's (SII) quarterly Operating Expenses came in at $34.0 million in Q2 2026, down 26.6% year-over-year from $46.3 million in Q2 2025, and down 66.35% quarter-over-quarter from $101.0 million in Q1 2026.
Analysis
Sprott (SII) Operating Expenses (2019 - 2026) Analysis & Trends
Sprott has disclosed Operating Expenses across 8 years of filings, most recently posting $34.0 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 26.6% year-over-year to $34.0 million; the TTM figure through Jun 2026 stood at $255.8 million (up 99.6% YoY), while the FY2025 annual figure was $194.7 million, up 77.59% from the prior year.
- Operating Expenses came in at $34.0 million for Q2 2026 at Sprott, down from $101.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $101.0 million in Q1 2026 to a low of $12.5 million in Q2 2023.
- Average Operating Expenses over 5 years is $34.9 million, with a median of $27.9 million recorded in 2024.
- Year-over-year, Operating Expenses plunged 43.18% in 2023 and soared 265.85% in 2026.
- Over 5 years, Operating Expenses stood at $20.4 million in 2022, then soared by 46.13% to $29.9 million in 2023, then dropped by 12.52% to $26.1 million in 2024, then jumped by 179.25% to $73.0 million in 2025, then tumbled by 53.41% to $34.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $34.0 million in Q2 2026, $101.0 million in Q1 2026, and $73.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.98 Bn | 151.11 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 143.46 Bn | -414.54 Bn | - | 149.76 Mn |
| 3 | Ishares Gold Trust | 30.01 Bn | -30.09 Bn | - | 43.37 Mn |
| 4 | World Gold Trust | 29.01 Bn | -74.06 Bn | - | 7.55 Mn |
| 5 | Principal Financial | 24.83 Bn | -28.13 Bn | 1.91 Bn | 3.41 Bn |
| 6 | iShares Silver Trust | 21.45 Bn | -6.76 Bn | - | 44.44 Mn |
| 7 | Franklin Resources | 17.39 Bn | 13.67 Bn | - | 2.14 Bn |
| 8 | Invesco | 14.41 Bn | 13.50 Bn | 1.79 Bn | 1.46 Bn |
| 9 | Affiliated Managers | 9.35 Bn | 8.94 Bn | - | 486.70 Mn |
| 10 | Sprott | 3.26 Bn | 3.07 Bn | - | 33.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.99 Mn |
| Mar 31, 2026 | 101.01 Mn |
| Dec 31, 2025 | 72.96 Mn |
| Sep 30, 2025 | 47.84 Mn |
| Jun 30, 2025 | 46.31 Mn |
| Mar 31, 2025 | 27.61 Mn |
| Dec 31, 2024 | 26.13 Mn |
| Sep 30, 2024 | 28.11 Mn |
| Jun 30, 2024 | 29.19 Mn |
| Mar 31, 2024 | 26.22 Mn |
| Dec 31, 2023 | 29.87 Mn |
| Sep 30, 2023 | 29.05 Mn |
| Jun 30, 2023 | 12.50 Mn |
| Mar 31, 2023 | 24.05 Mn |
| Dec 31, 2022 | 20.44 Mn |
| Sep 30, 2022 | 27.33 Mn |
| Jun 30, 2022 | 22.00 Mn |
| Mar 31, 2022 | 23.11 Mn |
| Dec 31, 2021 | 21.08 Mn |
| Sep 30, 2021 | 22.02 Mn |