Birkenstock Holding (BIRK) Operating Expenses (2022 - 2026)
Birkenstock Holding (BIRK) posted quarterly Operating Expenses of -$200.5 million for Q1 2026, down 19.94% year-over-year from -$250.5 million in Q1 2025, and down 11.25% quarter-over-quarter from -$180.2 million in Q4 2025.
Birkenstock Holding (BIRK) Operating Expenses (2022 - 2026) Analysis & Trends
Birkenstock Holding (BIRK) has reported Operating Expenses for 5 consecutive years, with -$200.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 19.94% year-over-year to -$200.5 million; the TTM figure through Mar 2026 stood at -$826.4 million (down 18.17% YoY), while the FY2025 annual figure was -$761.4 million, down 14.52% from the prior year.
- Operating Expenses eased to -$200.5 million in Q1 2026 per BIRK's latest filing, from -$180.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$110.4 million in Q4 2022 and bottomed at -$234.1 million in Q3 2023.
- Historically, Operating Expenses has averaged -$173.5 million across 5 years, with a median of -$180.2 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 73.35% — and 2024, when it gained 18.84%.
- Birkenstock Holding's Operating Expenses stood at -$110.4 million in 2022, then retreated by 27.21% to -$140.5 million in 2023, then dropped by 8.2% to -$152.0 million in 2024, then slipped by 18.57% to -$180.2 million in 2025, then decreased by 11.25% to -$200.5 million in 2026.
- Business Quant data shows BIRK's Operating Expenses at -$200.5 million in Q1 2026, -$180.2 million in Q4 2025, and -$224.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 4.08 Bn |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 37.80 Mn |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 415.03 Mn |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 270.34 Mn |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 187.40 Mn |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 26.76 Mn |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 41.12 Mn |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 299.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.80 Mn |
| Mar 31, 2026 | -200.53 Mn |
| Dec 31, 2025 | -180.25 Mn |
| Sep 30, 2025 | -224.02 Mn |
| Jun 30, 2025 | -221.56 Mn |
| Mar 31, 2025 | -167.19 Mn |
| Dec 31, 2024 | -152.02 Mn |
| Sep 30, 2024 | -189.98 Mn |
| Jun 30, 2024 | -190.14 Mn |
| Mar 31, 2024 | -144.46 Mn |
| Dec 31, 2023 | -140.50 Mn |
| Sep 30, 2023 | -234.07 Mn |
| Jun 30, 2023 | -183.99 Mn |
| Mar 31, 2023 | -127.88 Mn |
| Dec 31, 2022 | -110.44 Mn |
| Sep 30, 2022 | -135.03 Mn |