First Majestic Silver annual operating expenses
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
First Majestic Silver Operating Expenses Growth & History (AG)
First Majestic Silver's operating expenses was $316.4M for fiscal 2025.
View full First Majestic Silver company overviewFirst Majestic Silver annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $316.4M | $96.8M | +44.05% |
| 2024 | 2024-12-31 | $219.7M | −$122.9M | −35.87% |
| 2023 | 2023-12-31 | $342.5M | $150.8M | +78.65% |
| 2022 | 2022-12-31 | $191.7M | $22.9M | +13.56% |
| 2021 | 2021-12-31 | $168.8M | $39.6M | +30.66% |
| 2020 | 2020-12-31 | $129.2M | −$34.6M | −21.11% |
| 2019 | 2019-12-31 | $163.8M | −$167.3M | −50.52% |
| 2018 | 2018-12-31 | $331.0M | $244.1M | +280.61% |
| 2017 | 2017-12-31 | $87.0M | $66.0M | +314.99% |
| 2016 | 2016-12-31 | $21.0M | — | — |
First Majestic Silver quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $25.0M | $619,000 | +2.53% |
| Q1 2026 | 2026-03-31 | $30.6M | — | — |
| Q4 2025 | 2025-12-31 | $27.5M | — | — |
| Q3 2025 | 2025-09-30 | $22.2M | — | — |
| Q2 2025 | 2025-06-30 | $24.4M | — | — |
First Majestic Silver operating expenses trends
Over the last five fiscal years, First Majestic Silver's operating expenses increased from $129.2M to $316.4M, a change of $187.2M. The latest reported quarter, Q2 2026, shows $25.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Majestic Silver source filings ↗