Wheaton Precious Metals (WPM) Cost of Revenue (2009 - 2026)
Wheaton Precious Metals (WPM) reported Cost of Revenue of $202.1 million for Q1 2026, up 33.55% year-over-year from $151.3 million in Q1 2025, and up 117243.29% quarter-over-quarter from -$172519.5 in Q4 2025.
Wheaton Precious Metals (WPM) Cost of Revenue (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has 18 years of Cost of Revenue data on file, last reported at $202.1 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $202.1 million, up 33.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $492.4 million (up 31.25% YoY), and the FY2025 annual result was $643.0 million, up 33.38% from the prior year.
- Cost of Revenue improved to $202.1 million in Q1 2026 per WPM's latest filing, from -$172519.5 in the prior quarter.
- Over five years, Cost of Revenue peaked at $202.1 million in Q1 2026 and troughed at -$172519.5 in Q4 2025.
- A 5-year average of $105.8 million and a median of $114.9 million in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2025 and 2026: Cost of Revenue tumbled 281.05% in 2025, then surged 33.55% in 2026.
- A 5-year view of Cost of Revenue shows it stood at $114.9 million in 2022, then sank by 99.91% to $100104.7 in 2023, then retreated by 4.81% to $95286.0 in 2024, then plunged by 281.05% to -$172519.5 in 2025, then soared by 117243.29% to $202.1 million in 2026.
- Business Quant data shows WPM's Cost of Revenue at $202.1 million in Q1 2026, -$172519.5 in Q4 2025, and $140.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 2.10 Bn |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 202.10 Mn |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 154.50 Mn |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 966.20 Mn |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 19.00 Mn |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 1.29 Bn |
| 10 | Aura Minerals | 44.23 Bn | 43.94 Bn | 19.58 Mn | 16.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 202.10 Mn |
| Mar 31, 2026 | 202.10 Mn |
| Dec 31, 2025 | -172,519.49 |
| Dec 31, 2025 | -172,519.49 |
| Sep 30, 2025 | 140.27 Mn |
| Sep 30, 2025 | 140.27 Mn |
| Jun 30, 2025 | 150.17 Mn |
| Jun 30, 2025 | 150.17 Mn |
| Mar 31, 2025 | 151.33 Mn |
| Mar 31, 2025 | 151.33 Mn |
| Dec 31, 2024 | 95,285.96 |
| Dec 31, 2024 | 95,285.96 |
| Sep 30, 2024 | 110.84 Mn |
| Sep 30, 2024 | 110.84 Mn |
| Jun 30, 2024 | 112.87 Mn |
| Jun 30, 2024 | 112.87 Mn |
| Mar 31, 2024 | 125.23 Mn |
| Mar 31, 2024 | 125.23 Mn |
| Dec 31, 2023 | 100,104.71 |
| Dec 31, 2023 | 100,104.71 |