Trilogy Metals (TMQ) Operating Expenses (2016 - 2026)
Trilogy Metals' (TMQ) quarterly Operating Expenses came in at $4.6 million in Q1 2026, up 43.1% year-on-year from $3.2 million in Q1 2025, and up 37.69% quarter-over-quarter from $3.4 million in Q4 2025.
Trilogy Metals (TMQ) Operating Expenses (2016 - 2026) Analysis & Trends
Trilogy Metals has disclosed Operating Expenses across 11 years of filings, most recently posting $4.6 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $4.6 million, up 43.1% year-over-year; the trailing twelve-month figure through Feb 2026 was $10.8 million (up 52.09% YoY), and the FY2025 annual result was $9.4 million, up 40.65% from the prior year.
- Operating Expenses came in at $4.6 million for Q1 2026 at Trilogy Metals, up from $3.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.6 million in Q1 2026 to a low of $1.1 million in Q3 2024.
- The 5-year median for Operating Expenses is $1.5 million (2022), against an average of $2.1 million.
- Across the five-year window, Operating Expenses tumbled 37.45% in 2022 and surged 120.99% in 2025, its largest moves.
- Trilogy Metals' Operating Expenses stood at $1.2 million in 2022, then increased by 3.32% to $1.2 million in 2023, then gained by 25.1% to $1.5 million in 2024, then soared by 120.99% to $3.4 million in 2025, then surged by 37.69% to $4.6 million in 2026.
- The last three Operating Expenses figures came in at $4.6 million (Q1 2026), $3.4 million (Q4 2025), and $1.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | 15.97 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | 209.01 Mn |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 157.04 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 44.65 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | -11.78 Mn |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 57.09 Mn |
| 10 | Trilogy Metals | 656.82 Mn | 609.04 Mn | - | 4.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| May 31, 2021 | 1.72 Mn |