Americas Gold & Silver (USAS) Operating Expenses (2016 - 2025)
Americas Gold & Silver (USAS) reported Operating Expenses of $57.1 million for Q4 2025, up 150.95% year-over-year from $22.8 million in Q4 2024, and up 847.08% quarter-over-quarter from -$7.6 million in Q3 2025.
Americas Gold & Silver (USAS) Operating Expenses (2016 - 2025) Analysis & Trends
Americas Gold & Silver (USAS) has 10 years of Operating Expenses data on file, last reported at $57.1 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $57.1 million, up 150.95% year-over-year; the trailing twelve-month figure through Dec 2025 was $34.7 million (up 133.18% YoY), and the FY2025 annual result was $34.7 million, up 82.61% from the prior year.
- Operating Expenses improved to $57.1 million in Q4 2025 per USAS's latest filing, from -$7.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $57.1 million in Q4 2025 and troughed at -$7.8 million in Q1 2025.
- A 5-year average of $4.4 million and a median of -$3.0 million in 2022 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 150.95% in 2025 and fell as far as 193.58% in 2025.
- A 5-year view of Operating Expenses shows it stood at $24.6 million in 2021, then fell by 6.49% to $23.0 million in 2022, then fell by 8.76% to $21.0 million in 2023, then grew by 8.58% to $22.8 million in 2024, then jumped by 150.95% to $57.1 million in 2025.
- Business Quant data shows USAS's Operating Expenses at $57.1 million in Q4 2025, -$7.6 million in Q3 2025, and -$7.0 million in Q2 2025.
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 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | 26.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 57.09 Mn |
| Sep 30, 2025 | -7.64 Mn |
| Jun 30, 2025 | -7.01 Mn |
| Mar 31, 2025 | -7.78 Mn |
| Dec 31, 2024 | 22.75 Mn |
| Sep 30, 2024 | -2.60 Mn |
| Jun 30, 2024 | -2.61 Mn |
| Mar 31, 2024 | -2.67 Mn |
| Dec 31, 2023 | 20.95 Mn |
| Sep 30, 2023 | -2.79 Mn |
| Jun 30, 2023 | -3.12 Mn |
| Mar 31, 2023 | -3.01 Mn |
| Dec 31, 2022 | 22.96 Mn |
| Sep 30, 2022 | -3.10 Mn |
| Jun 30, 2022 | -2.97 Mn |
| Mar 31, 2022 | -3.74 Mn |
| Dec 31, 2021 | 24.56 Mn |
| Sep 30, 2021 | -3.45 Mn |
| Jun 30, 2021 | -3.34 Mn |
| Mar 31, 2021 | -3.63 Mn |