U.S. GoldMining (USGO) Operating Expenses (2022 - 2026)
U.S. GoldMining (USGO) posted quarterly Operating Expenses of $2.0 million for Q1 2026, up 50.35% year-over-year from $1.3 million in Q1 2025, and down 2.57% quarter-over-quarter from $2.0 million in Q4 2025.
U.S. GoldMining (USGO) Operating Expenses (2022 - 2026) Analysis & Trends
U.S. GoldMining (USGO) has reported Operating Expenses for 5 consecutive years, with $2.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 50.35% year-over-year to $2.0 million; the TTM figure through Mar 2026 stood at $7.8 million (down 14.53% YoY), while the FY2025 annual figure was $7.1 million, down 19.96% from the prior year.
- Operating Expenses declined to $2.0 million in Q1 2026 per USGO's latest filing, from $2.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $8.9 million in Q4 2023 and bottomed at $262552.0 in Q2 2022.
- Historically, Operating Expenses has averaged $2.2 million across 5 years, with a median of $1.7 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 802.24% — and 2025, when it plunged 42.46%.
- U.S. GoldMining's Operating Expenses stood at $482832.0 in 2022, then soared by 1752.62% to $8.9 million in 2023, then slumped by 80.48% to $1.7 million in 2024, then rose by 16.58% to $2.0 million in 2025, then dropped by 2.57% to $2.0 million in 2026.
- Business Quant data shows USGO's Operating Expenses at $2.0 million in Q1 2026, $2.0 million in Q4 2025, and $2.8 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 243.21 Bn | 213.76 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 33.54 Bn | 28.34 Bn | 1.21 Bn | -63.62 Mn |
| 4 | MP Materials | 10.64 Bn | 8.17 Bn | 36.20 Mn | 158.10 Mn |
| 5 | Almonty Industries | 5.31 Bn | 4.43 Bn | 18.87 Mn | 15.85 Mn |
| 6 | Materion | 4.71 Bn | 4.69 Bn | 104.34 Mn | 49.21 Mn |
| 7 | USA Rare Earth | 4.36 Bn | 4.36 Bn | -1.58 Mn | 44.73 Mn |
| 8 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 12.41 Mn |
| 9 | Evolution Metals & Technologies | 2.64 Bn | 2.64 Bn | -115,000.00 | 12.07 Mn |
| 10 | U.S. GoldMining | 130.72 Mn | 130.72 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.98 Mn |
| Dec 31, 2025 | 2.04 Mn |
| Sep 30, 2025 | 2.84 Mn |
| Jun 30, 2025 | 926,884.00 |
| Mar 31, 2025 | 1.32 Mn |
| Dec 31, 2024 | 1.75 Mn |
| Sep 30, 2024 | 4.43 Mn |
| Jun 30, 2024 | 1.61 Mn |
| Mar 31, 2024 | 1.11 Mn |
| Nov 30, 2023 | 8.95 Mn |
| Aug 31, 2023 | 2.63 Mn |
| May 31, 2023 | 2.37 Mn |
| Mar 31, 2023 | 1.02 Mn |
| Aug 31, 2022 | 482,832.00 |
| May 31, 2022 | 262,552.00 |