Trilogy Metals (TMQ) Research & Development (2016 - 2026)
Trilogy Metals (TMQ) reported Research & Development of $9,000 for fiscal Q2 2026 (quarter ended May 31, 2026), down 64.0% from the prior quarter.
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Analysis
Trilogy Metals (TMQ) Research & Development (2016 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Trilogy Metals' Research & Development came in at $200,000; for FY2025 (ended Nov 30, 2025), it came in at $166,000, up 361.1% from FY2024.
- Research & Development has a five-year compound annual growth rate of -31.0% (FY2020 to FY2025).
- By fiscal year, Research & Development came in at $36,000 in FY2024 (-16.3%), $43,000 in FY2023 (-8.5%), $47,000 in FY2022 (-67.1%) and $143,000 in FY2021 (-86.6%).
- The fiscal Q2 2026 figure ranks as the lowest quarterly Research & Development since fiscal Q4 2024.
- The high point for year-over-year Research & Development in five years was fiscal Q4 2022 (growth of 176.9%); the low point was fiscal Q1 2023 (a decline of 96.6%).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at $25,000 (Q1 2026), $126,000 (Q4 2025) and $40,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 47.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Trilogy Metals | 544.15 Mn | 544.15 Mn | - | 9,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 9,000.00 |
| Feb 28, 2026 | 25,000.00 |
| Nov 30, 2025 | 126,000.00 |
| Aug 31, 2025 | 40,000.00 |
| Nov 30, 2024 | 8,000.00 |
| Aug 31, 2024 | 28,000.00 |
| Nov 30, 2023 | 20,000.00 |
| Aug 31, 2023 | 22,000.00 |
| Feb 28, 2023 | 1,000.00 |
| Nov 30, 2022 | 36,000.00 |
| Aug 31, 2022 | 11,000.00 |
| Feb 28, 2022 | 29,000.00 |
| Nov 30, 2021 | 13,000.00 |
| Aug 31, 2021 | 130,000.00 |
| Nov 30, 2020 | 91,000.00 |
| Aug 31, 2020 | 232,000.00 |
| May 31, 2020 | 742,000.00 |
| May 31, 2018 | 2.48 Mn |
| Feb 28, 2018 | 1.13 Mn |
| Nov 30, 2017 | 4.69 Mn |
API Access
Trilogy Metals Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TMQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TMQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TMQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();