Trilogy Metals (TMQ) Operating Expenses (2016 - 2026)
Trilogy Metals (TMQ) posted Operating Expenses of $2.1 million for Q2 2026, down 53.64% sequentially from $4.6 million in Q1 2026, and up 28.69% YoY from $1.7 million in Q2 2025.
Trilogy Metals (TMQ) Operating Expenses (2016 - 2026) Analysis & Trends
Trilogy Metals has reported Operating Expenses for 11 years, with the latest figure at $2.1 million in Q2 2026.
- Quarterly Operating Expenses rose 28.69% year-over-year to $2.1 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $11.3 million (up 49.4% YoY) and the FY2025 annual result came in at $9.4 million, up 40.65% from the prior year.
- Operating Expenses declined to $2.1 million in Q2 2026 per TMQ's latest filing, from $4.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $4.6 million in Q1 2026 and troughed at $1.1 million in Q3 2024.
- A 5-year average of $2.1 million and a median of $1.5 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 37.45% in 2022, then jumped 120.99% in 2025.
- Over 5 years, Operating Expenses stood at $1.2 million in 2022, then gained by 3.32% to $1.2 million in 2023, then climbed by 25.1% to $1.5 million in 2024, then surged by 120.99% to $3.4 million in 2025, then tumbled by 36.17% to $2.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.1 million, $4.6 million, and $3.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | -63.62 Mn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 158.10 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 15.85 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 49.21 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 12.41 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | 44.73 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 12.07 Mn |
| 10 | Trilogy Metals | 626.59 Mn | 626.59 Mn | - | 2.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 2.14 Mn |
| Feb 28, 2026 | 4.63 Mn |
| Nov 30, 2025 | 3.36 Mn |
| Aug 31, 2025 | 1.17 Mn |
| May 31, 2025 | 1.67 Mn |
| Feb 28, 2025 | 3.23 Mn |
| Nov 30, 2024 | 1.52 Mn |
| Aug 31, 2024 | 1.14 Mn |
| May 31, 2024 | 1.22 Mn |
| Feb 29, 2024 | 2.82 Mn |
| Nov 30, 2023 | 1.22 Mn |
| Aug 31, 2023 | 1.18 Mn |
| May 31, 2023 | 1.23 Mn |
| Feb 28, 2023 | 3.61 Mn |
| Nov 30, 2022 | 1.18 Mn |
| Aug 31, 2022 | 1.17 Mn |
| May 31, 2022 | 1.50 Mn |
| Feb 28, 2022 | 3.12 Mn |
| Nov 30, 2021 | 1.88 Mn |
| Aug 31, 2021 | 1.60 Mn |