Ardmore Shipping (ASC) Operating Expenses (2012 - 2026)
Ardmore Shipping's (ASC) quarterly Operating Expenses came in at $4.2 million in Q1 2026, up 133.33% year-on-year from $1.8 million in Q1 2025, and up 128.27% quarter-over-quarter from -$14.9 million in Q4 2025.
Ardmore Shipping (ASC) Operating Expenses (2012 - 2026) Analysis & Trends
Ardmore Shipping has disclosed Operating Expenses across 15 years of filings, most recently posting $4.2 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $4.2 million, up 133.33% year-over-year; the trailing twelve-month figure through Mar 2026 was -$37.4 million (up 31.04% YoY), and the FY2025 annual result was $54.2 million, up 0.98% from the prior year.
- Operating Expenses came in at $4.2 million for Q1 2026 at Ardmore Shipping, up from -$14.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.2 million in Q1 2026 to a low of -$14.9 million in Q4 2025.
- The 5-year median for Operating Expenses is -$12.6 million (2025), against an average of -$11.0 million.
- Across the five-year window, Operating Expenses plunged 760.53% in 2025 and jumped 133.33% in 2026, its largest moves.
- Ardmore Shipping's Operating Expenses stood at -$12.6 million in 2022, then slipped by 1.59% to -$12.8 million in 2023, then fell by 14.26% to -$14.6 million in 2024, then dropped by 1.6% to -$14.9 million in 2025, then surged by 128.27% to $4.2 million in 2026.
- The last three Operating Expenses figures came in at $4.2 million (Q1 2026), -$14.9 million (Q4 2025), and -$14.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 6.31 Mn |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 722.10 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 696.40 Mn |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | -24.49 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 223.85 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -403.80 Mn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | -42.16 Mn |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | -23.83 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | 8.85 Mn |
| 10 | Ardmore Shipping | 9,535.20 | -52.75 Mn | 70.11 Mn | 4.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.20 Mn |
| Dec 31, 2025 | -14.86 Mn |
| Sep 30, 2025 | -14.02 Mn |
| Jun 30, 2025 | -12.73 Mn |
| Mar 31, 2025 | -12.60 Mn |
| Dec 31, 2024 | -14.62 Mn |
| Sep 30, 2024 | -14.11 Mn |
| Jun 30, 2024 | -12.91 Mn |
| Mar 31, 2024 | 1.91 Mn |
| Dec 31, 2023 | -12.80 Mn |
| Sep 30, 2023 | -12.01 Mn |
| Jun 30, 2023 | -11.57 Mn |
| Mar 31, 2023 | -12.00 Mn |
| Dec 31, 2022 | -12.60 Mn |
| Sep 30, 2022 | -13.08 Mn |
| Jun 30, 2022 | -11.27 Mn |
| Mar 31, 2022 | -12.26 Mn |
| Dec 31, 2021 | -13.43 Mn |
| Sep 30, 2021 | -14.55 Mn |
| Jun 30, 2021 | -13.53 Mn |