Trilogy Metals (TMQ) Operating Expenses (2016 - 2026)
Trilogy Metals' (TMQ) quarterly Operating Expenses came in at $2.1 million in Q2 2026, up 28.69% year-over-year from $1.7 million in Q2 2025, and down 53.64% quarter-over-quarter from $4.6 million in Q1 2026.
Analysis
Trilogy Metals (TMQ) Operating Expenses (2016 - 2026) Analysis & Trends
Trilogy Metals has disclosed Operating Expenses across 11 years of filings, most recently posting $2.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 28.69% year-over-year to $2.1 million; the TTM figure through May 2026 stood at $11.3 million (up 49.4% YoY), while the FY2025 annual figure was $9.4 million, up 40.65% from the prior year.
- Operating Expenses came in at $2.1 million for Q2 2026 at Trilogy Metals, down from $4.6 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.
- Average Operating Expenses over 5 years is $2.1 million, with a median of $1.5 million recorded in 2022.
- Year-over-year, Operating Expenses slumped 37.45% in 2022 and soared 120.99% in 2025.
- Over 5 years, 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 sank by 36.17% to $2.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $2.1 million in Q2 2026, $4.6 million in Q1 2026, and $3.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 174.97 Bn | 167.64 Bn | 2.90 Bn | 1.67 Bn |
| 2 | Freeport-Mcmoran | 109.93 Bn | 105.85 Bn | 2.19 Bn | 5.03 Bn |
| 3 | Teck Resources | 32.69 Bn | 28.21 Bn | 1.21 Bn | -76.63 Mn |
| 4 | Carpenter Technology | 22.96 Bn | 22.57 Bn | 268.90 Mn | 62.00 Mn |
| 5 | Hudbay Minerals | 11.39 Bn | 10.34 Bn | 269.00 Mn | 39.10 Mn |
| 6 | Ero Copper | 3.97 Bn | 3.87 Bn | 121.42 Mn | -12.54 Mn |
| 7 | Almonty Industries | 3.80 Bn | 2.92 Bn | 18.87 Mn | 10.86 Mn |
| 8 | Nexa Resources | 1.89 Bn | 1.49 Bn | 257.20 Mn | -60.76 Mn |
| 9 | TMC the metals | 1.86 Bn | 1.76 Bn | - | 5.81 Mn |
| 10 | Trilogy Metals | 606.74 Mn | 606.74 Mn | - | 2.14 Mn |
Historic Data
Download Data
Historic 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 |