Vizsla Silver VZLA
NYSE VZLA
$3.99 -0.10 (-2.32%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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