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
DateValue
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