Vale (VALE) Operating Expenses (2009 - 2025)
Vale (VALE) posted Operating Expenses of -$309.0 million for Q3 2025, down 6.55% sequentially from -$290.0 million in Q2 2025, and up 6.65% YoY from -$289.7 million in Q3 2024.
Vale (VALE) Operating Expenses (2009 - 2025) Analysis & Trends
Vale has reported Operating Expenses for 17 years, with the latest figure at -$309.0 million in Q3 2025.
- Quarterly Operating Expenses rose 6.65% year-over-year to -$309.0 million in Q3 2025, while the trailing twelve-month figure through Dec 2025 was -$867.0 million (up 38.8% YoY) and the FY2024 annual result came in at -$1.3 billion, down 4.07% from the prior year.
- Operating Expenses slipped to -$309.0 million in Q3 2025 per VALE's latest filing, from -$290.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $3.5 billion in Q4 2021 and troughed at -$662.0 million in Q1 2022.
- A 5-year average of -$77.8 million and a median of -$304.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses soared 165.14% in 2021, then plunged 138.4% in 2022.
- Over 5 years, Operating Expenses stood at $3.5 billion in 2021, then sank by 110.31% to -$365.9 million in 2022, then retreated by 3.12% to -$377.3 million in 2023, then decreased by 22.9% to -$463.7 million in 2024, then jumped by 33.37% to -$309.0 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$309.0 million, -$290.0 million, and -$268.0 million for Q3 2025, Q2 2025, and Q1 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 243.12 Bn | 213.67 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 33.56 Bn | 28.36 Bn | 1.21 Bn | -63.62 Mn |
| 4 | MP Materials | 10.60 Bn | 8.12 Bn | 36.20 Mn | 158.10 Mn |
| 5 | Almonty Industries | 5.28 Bn | 4.39 Bn | 18.87 Mn | 15.85 Mn |
| 6 | Materion | 4.72 Bn | 4.70 Bn | 104.34 Mn | 49.21 Mn |
| 7 | USA Rare Earth | 4.31 Bn | 4.31 Bn | -1.58 Mn | 44.73 Mn |
| 8 | Skeena Resources | 4.30 Bn | 3.88 Bn | - | 12.41 Mn |
| 9 | Evolution Metals & Technologies | 2.80 Bn | 2.80 Bn | -115,000.00 | 12.07 Mn |
| 10 | Vale | 62.47 Mn | -17.59 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -309.00 Mn |
| Jun 30, 2025 | -290.00 Mn |
| Mar 31, 2025 | -268.00 Mn |
| Dec 31, 2024 | -463.73 Mn |
| Sep 30, 2024 | -331.00 Mn |
| Jun 30, 2024 | -326.00 Mn |
| Mar 31, 2024 | -296.00 Mn |
| Dec 31, 2023 | -377.33 Mn |
| Sep 30, 2023 | -338.00 Mn |
| Jun 30, 2023 | -304.00 Mn |
| Mar 31, 2023 | -257.00 Mn |
| Dec 31, 2022 | -365.92 Mn |
| Sep 30, 2022 | -289.00 Mn |
| Jun 30, 2022 | -278.00 Mn |
| Mar 31, 2022 | -662.00 Mn |
| Dec 31, 2021 | 3.55 Bn |
| Sep 30, 2021 | -249.00 Mn |
| Jun 30, 2021 | 724.00 Mn |
| Mar 31, 2021 | -347.00 Mn |
| Dec 31, 2020 | -5.45 Bn |