Cadeler A (CDLR) Operating Expenses (2023 - 2026)

Cadeler A (CDLR) has reported Operating Expenses for 4 consecutive years, with -$23.3 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 36.64% year-over-year to -$23.3 million; the TTM figure through Mar 2026 stood at -$146.5 million (down 56.98% YoY), while the FY2025 annual figure was -$86.9 million, down 4726.73% from the prior year.
• Operating Expenses rose to -$23.3 million in Q1 2026 per CDLR's latest filing, from -$86.9 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$5.0 million in Q1 2023 and bottomed at -$86.9 million in Q4 2025.
• Historically, Operating Expenses has averaged -$28.8 million across 4 years, with a median of -$18.1 million in 2025.
• Annual changes were most pronounced in 2024 — Operating Expenses tumbled 175.87% — and 2025, when it fell 22.74%.
• Cadeler A's Operating Expenses stood at -$37.1 million in 2023, then slumped by 64.58% to -$61.0 million in 2024, then plunged by 42.36% to -$86.9 million in 2025, then surged by 73.16% to -$23.3 million in 2026.
• Business Quant data shows CDLR's Operating Expenses at -$23.3 million in Q1 2026, -$86.9 million in Q4 2025, and -$19.2 million in Q2 2025.