American Superconductor (AMSC) Operating Expenses (2009 - 2025)

American Superconductor has reported Operating Expenses for 17 years, with the latest figure at $19.5 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 29.86% year-over-year to $19.5 million; the trailing twelve-month figure through Dec 2025 stood at $71.8 million (up 20.65% YoY), and the FY2025 full-year result was $62.9 million, up 34.9% from the prior year.
• Operating Expenses for Q4 2025 stood at $19.5 million, up from $17.5 million in the prior quarter.
• The five-year high for Operating Expenses was $40.6 million in Q1 2021, with the low at $7.6 million in Q3 2021.
• Historically, Operating Expenses has averaged $15.4 million across 5 years, with a median of $12.1 million in 2023.
• Annual changes were most pronounced in 2023 — Operating Expenses plunged 69.2% — and 2024, when it soared 49.39%.
• American Superconductor's Operating Expenses 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.