American Superconductor (AMSC) Operating Expenses (2009 - 2025)
American Superconductor's (AMSC) quarterly Operating Expenses came in at $19.5 million in Q4 2025, up 29.86% YoY from $15.0 million in Q4 2024, and up 11.55% on a QoQ basis from $17.5 million in Q3 2025.
American Superconductor (AMSC) Operating Expenses (2009 - 2025) Analysis & Trends
American Superconductor (AMSC) has 17 years of Operating Expenses data on file, last reported at $19.5 million in Q4 2025.
- Quarterly Operating Expenses rose 29.86% year-over-year to $19.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $71.8 million (up 20.65% YoY) and the FY2025 annual result came in at $62.9 million, up 34.9% from the prior year.
- Operating Expenses improved to $19.5 million in Q4 2025, from $17.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $40.6 million in Q1 2021 to a low of $7.6 million in Q3 2021.
- A 5-year average of $15.4 million and a median of $12.1 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 69.2% — and 2024, when it soared 49.39%.
- Tracing AMSC's Operating Expenses over 5 years: stood at $8.0 million in 2021, then increased by 22.31% to $9.7 million in 2022, then increased by 17.44% to $11.4 million in 2023, then jumped by 31.42% to $15.0 million in 2024, then grew by 29.86% to $19.5 million in 2025.
- The last three Operating Expenses figures came in at $19.5 million (Q4 2025), $17.5 million (Q3 2025), and $18.8 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 258.13 Bn | 245.01 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 163.76 Bn | 163.06 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Parker-Hannifin | 126.24 Bn | 125.76 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Emerson Electric | 87.64 Bn | 85.46 Bn | 2.66 Bn | 1.34 Bn |
| 5 | Cummins | 81.31 Bn | 76.64 Bn | 2.47 Bn | 1.28 Bn |
| 6 | Illinois Tool Works | 81.04 Bn | 80.20 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.80 Bn | 54.30 Bn | 735.04 Mn | 1.52 Bn |
| 8 | Rockwell Automation | 48.68 Bn | 48.20 Bn | 1.14 Bn | 663.00 Mn |
| 9 | Ingersoll Rand | 31.42 Bn | 30.25 Bn | 862.60 Mn | 400.80 Mn |
| 10 | American Superconductor | 1.31 Bn | 1.17 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.49 Mn |
| Sep 30, 2025 | 17.47 Mn |
| Jun 30, 2025 | 18.85 Mn |
| Mar 31, 2025 | 16.04 Mn |
| Dec 31, 2024 | 15.01 Mn |
| Sep 30, 2024 | 16.37 Mn |
| Jun 30, 2024 | 15.52 Mn |
| Mar 31, 2024 | 12.66 Mn |
| Dec 31, 2023 | 11.42 Mn |
| Sep 30, 2023 | 10.96 Mn |
| Jun 30, 2023 | 11.62 Mn |
| Mar 31, 2023 | 10.65 Mn |
| Dec 31, 2022 | 9.73 Mn |
| Sep 30, 2022 | 10.06 Mn |
| Jun 30, 2022 | 11.09 Mn |
| Mar 31, 2022 | 34.58 Mn |
| Dec 31, 2021 | 7.95 Mn |
| Sep 30, 2021 | 7.56 Mn |
| Jun 30, 2021 | 10.87 Mn |
| Mar 31, 2021 | 40.62 Mn |