U.S. Gold (USAU) Operating Expenses (2010 - 2026)
U.S. Gold's (USAU) quarterly Operating Expenses came in at $5.5 million in Q2 2026, up 71.7% YoY from $3.2 million in Q2 2025, and up 2.12% on a QoQ basis from $5.3 million in Q1 2026.
U.S. Gold (USAU) Operating Expenses (2010 - 2026) Analysis & Trends
U.S. Gold (USAU) has 17 years of Operating Expenses data on file, last reported at $5.5 million in Q2 2026.
- Quarterly Operating Expenses rose 71.7% year-over-year to $5.5 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $19.0 million (up 46.09% YoY) and the FY2026 annual result came in at $19.0 million, up 46.09% from the prior year.
- Operating Expenses grew to $5.5 million in Q2 2026, from $5.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.5 million in Q2 2026 to a low of $1.3 million in Q1 2024.
- A 5-year average of $3.1 million and a median of $2.8 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 50.84% — and 2025, when it soared 299.12%.
- Tracing USAU's Operating Expenses over 5 years: stood at $2.1 million in 2022, then declined by 16.37% to $1.8 million in 2023, then rose by 21.38% to $2.1 million in 2024, then surged by 112.6% to $4.6 million in 2025, then gained by 19.87% to $5.5 million in 2026.
- The last three Operating Expenses figures came in at $5.5 million (Q2 2026), $5.3 million (Q1 2026), and $4.6 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 173.18 Mn |
| 10 | U.S. Gold | 248.64 Mn | 248.64 Mn | - | 5.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 5.46 Mn |
| Jan 31, 2026 | 5.35 Mn |
| Oct 31, 2025 | 4.55 Mn |
| Jul 31, 2025 | 3.64 Mn |
| Apr 30, 2025 | 3.18 Mn |
| Jan 31, 2025 | 5.09 Mn |
| Oct 31, 2024 | 2.14 Mn |
| Jul 31, 2024 | 2.59 Mn |
| Apr 30, 2024 | 1.29 Mn |
| Jan 31, 2024 | 1.28 Mn |
| Oct 31, 2023 | 1.77 Mn |
| Jul 31, 2023 | 2.93 Mn |
| Apr 30, 2023 | 2.14 Mn |
| Jan 31, 2023 | 2.27 Mn |
| Oct 31, 2022 | 2.11 Mn |
| Jul 31, 2022 | 2.89 Mn |
| Apr 30, 2022 | 2.77 Mn |
| Jan 31, 2022 | 4.34 Mn |
| Oct 31, 2021 | 4.29 Mn |
| Jul 31, 2021 | 3.55 Mn |