Triple Flag Precious Metals (TFPM) Operating Expenses (2021 - 2026)
Triple Flag Precious Metals' (TFPM) quarterly Operating Expenses came in at -$20.2 million in Q2 2026, up 34.94% on a YoY basis from -$15.0 million in Q2 2025, and up 26.8% quarter-over-quarter from -$27.6 million in Q1 2026.
Analysis
Triple Flag Precious Metals (TFPM) Operating Expenses (2021 - 2026) Analysis & Trends
Triple Flag Precious Metals (TFPM) has reported Operating Expenses for 6 consecutive years, with -$20.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 34.94% year-over-year to -$20.2 million; the trailing twelve-month figure through Jun 2026 stood at -$106.2 million (up 2.29% YoY), and the FY2025 full-year result was -$115.4 million, down 14.54% from the prior year.
- Operating Expenses advanced to -$20.2 million in Q2 2026 per TFPM's latest filing, from -$27.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $17.4 million in Q1 2022 and bottomed at -$31.1 million in Q2 2025.
- Historically, Operating Expenses has averaged -$13.2 million across 5 years, with a median of -$22.7 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 771.33% in 2023, then soared 174.29% in 2024.
- Over 5 years, Operating Expenses stood at $4.0 million in 2022, then jumped by 171.6% to $11.0 million in 2023, then plunged by 320.66% to -$24.2 million in 2024, then slipped by 25.61% to -$30.4 million in 2025, then surged by 33.4% to -$20.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$20.2 million, -$27.6 million, and -$30.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 103.57 Bn | 101.06 Bn | - | 2.38 Bn |
| 2 | Kkr | 93.46 Bn | -183.61 Bn | - | 5.41 Bn |
| 3 | Apollo Global Management | 77.60 Bn | 52.22 Bn | 10.54 Bn | 8.74 Bn |
| 4 | Brookfield Asset Management | 76.45 Bn | 74.94 Bn | - | 659.00 Mn |
| 5 | Wheaton Precious Metals | 71.34 Bn | 71.24 Bn | 687.86 Mn | 133.83 Mn |
| 6 | Franco Nevada | 51.21 Bn | 49.67 Bn | 451.00 Mn | 5.30 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -14.94 Bn |
| 8 | Ares Management | 30.49 Bn | 30.49 Bn | - | 1.18 Bn |
| 9 | Carlyle | 15.82 Bn | 14.57 Bn | - | 875.90 Mn |
| 10 | Triple Flag Precious Metals | 6.91 Bn | 6.89 Bn | 88.25 Mn | -20.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -20.23 Mn |
| Mar 31, 2026 | -27.63 Mn |
| Dec 31, 2025 | -30.37 Mn |
| Sep 30, 2025 | -27.96 Mn |
| Jun 30, 2025 | -31.09 Mn |
| Mar 31, 2025 | -25.93 Mn |
| Dec 31, 2024 | -24.18 Mn |
| Sep 30, 2024 | -27.49 Mn |
| Jun 30, 2024 | -25.02 Mn |
| Mar 31, 2024 | 17.22 Mn |
| Dec 31, 2023 | 10.96 Mn |
| Sep 30, 2023 | -22.24 Mn |
| Jun 30, 2023 | -21.71 Mn |
| Mar 31, 2023 | -23.17 Mn |
| Dec 31, 2022 | 4.03 Mn |
| Sep 30, 2022 | 3.31 Mn |
| Jun 30, 2022 | 15.96 Mn |
| Mar 31, 2022 | 17.40 Mn |
| Dec 31, 2021 | 3.57 Mn |
| Sep 30, 2021 | 3.30 Mn |