Vizsla Silver (VZLA) Operating Expenses (2021 - 2026)
Vizsla Silver's (VZLA) quarterly Operating Expenses came in at -$2.3 million in Q3 2026, down 187.24% on a YoY basis from $2.6 million in Q3 2025, and up 53.22% quarter-over-quarter from -$4.8 million in Q1 2026.
Analysis
Vizsla Silver (VZLA) Operating Expenses (2021 - 2026) Analysis & Trends
Vizsla Silver (VZLA) has reported Operating Expenses for 6 consecutive years, with -$2.3 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses fell 187.24% year-over-year to -$2.3 million; the trailing twelve-month figure through Jul 2026 stood at -$15.9 million (down 111.05% YoY), and the FY2026 full-year result was -$32.5 million, down 88.72% from the prior year.
- Operating Expenses advanced to -$2.3 million in Q3 2026 per VZLA's latest filing, from -$4.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $75.6 million in Q2 2025 and bottomed at -$165.8 million in Q2 2024.
- Historically, Operating Expenses has averaged -$3.3 million across 5 years, with a median of $1.9 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses sank 633.41% in 2023, then jumped 2349.56% in 2024.
- Over 5 years, Operating Expenses stood at $1.9 million in 2022, then surged by 63.93% to $3.2 million in 2023, then slumped by 221.1% to -$3.8 million in 2024, then plunged by 109.83% to -$8.1 million in 2025, then soared by 71.97% to -$2.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$2.3 million, -$4.8 million, and -$8.1 million for Q3 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 20.88 Bn | 19.83 Bn | 535.85 Mn | 869.08 Mn |
| 2 | Pan American Silver | 19.31 Bn | 17.74 Bn | 457,000.00 | -18,000.00 |
| 3 | Hecla Mining | 13.39 Bn | 12.90 Bn | 332.52 Mn | 188.15 Mn |
| 4 | First Majestic Silver | 9.65 Bn | 8.40 Bn | 223.62 Mn | 16.17 Mn |
| 5 | Endeavour Silver | 2.98 Bn | 2.74 Bn | 74.00 Mn | 28.60 Mn |
| 6 | Silvercorp Metals | 2.65 Bn | 2.27 Bn | 104.04 Mn | 2.68 Mn |
| 7 | Americas Gold & Silver | 1.36 Bn | 1.27 Bn | 22.23 Mn | -9.06 Mn |
| 8 | Vizsla Silver | 1.36 Bn | 1.36 Bn | - | -2.26 Mn |
| 9 | New Pacific Metals | 1.00 Bn | 1.00 Bn | - | -1.58 Mn |
| 10 | Santacruz Silver Mining | 867.95 Mn | 800.93 Mn | 51.14 Mn | -13.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -2.26 Mn |
| Jan 31, 2026 | -4.83 Mn |
| Oct 31, 2025 | -8.07 Mn |
| Jul 31, 2025 | -787,140.59 |
| Apr 30, 2025 | 75.64 Mn |
| Oct 31, 2024 | -3.84 Mn |
| Jul 31, 2024 | 73.33 Mn |
| Apr 30, 2024 | -165.77 Mn |
| Jan 31, 2024 | -3.35 Mn |
| Oct 31, 2023 | 3.17 Mn |
| Jul 31, 2023 | 2.99 Mn |
| Apr 30, 2023 | -49.73 Mn |
| Jan 31, 2023 | 2.56 Mn |
| Oct 31, 2022 | 1.94 Mn |
| Jul 31, 2022 | 8.82 Mn |
| Apr 30, 2022 | 9.32 Mn |
| Jan 31, 2022 | 5.21 Mn |
| Oct 31, 2021 | 6.56 Mn |
| Jul 31, 2021 | 14.32 Mn |
| Apr 30, 2021 | -3.30 Mn |