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
DateValue
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