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

Cadeler A (CDLR) reported Operating Expenses of -$23.3 million for Q1 2026, down 36.64% year-over-year from -$36.8 million in Q1 2025, and up 73.16% quarter-over-quarter from -$86.9 million in Q4 2025.

Cadeler A (CDLR) Operating Expenses (2023 - 2026) Analysis & Trends

Cadeler A (CDLR) has 4 years of Operating Expenses data on file, last reported at -$23.3 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$23.3 million, down 36.64% year-over-year; the trailing twelve-month figure through Mar 2026 was -$146.5 million (down 56.98% YoY), and the FY2025 annual result was -$86.9 million, changed N/A from the prior year.
  • Operating Expenses advanced to -$23.3 million in Q1 2026 per CDLR's latest filing, from -$86.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$5.0 million in Q1 2023 and troughed at -$86.9 million in Q4 2025.
  • A 4-year average of -$28.8 million and a median of -$18.1 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 175.87% in 2024, then fell 22.74% in 2025.
  • A 4-year view of Operating Expenses shows it stood at -$37.1 million in 2023, then sank by 64.58% to -$61.0 million in 2024, then tumbled by 42.36% to -$86.9 million in 2025, then jumped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quanta Services 103.91 Bn 103.65 Bn 1.11 Bn 620.73 Mn
2 Comfort Systems Usa 65.18 Bn 64.13 Bn 754.41 Mn 269.00 Mn
3 Emcor 36.65 Bn 35.73 Bn 863.95 Mn 460.11 Mn
4 Mastec 28.10 Bn 27.94 Bn 477.90 Mn 297.49 Mn
5 Sterling Infrastructure 27.31 Bn 26.80 Bn 194.30 Mn 49.26 Mn
6 APi 18.18 Bn 17.54 Bn 620.00 Mn 517.00 Mn
7 IES Holdings 14.63 Bn 14.37 Bn 254.79 Mn 142.57 Mn
8 Jacobs Solutions 14.18 Bn 12.80 Bn 794.89 Mn 876.07 Mn
9 Dycom Industries 13.76 Bn 13.05 Bn - -
10 Cadeler A 1.42 Mn -259.01 Mn 31.33 Mn -23.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -23.32 Mn
Dec 31, 2025 -86.87 Mn
Jun 30, 2025 -19.22 Mn
Mar 31, 2025 -17.06 Mn
Dec 31, 2024 -61.02 Mn
Jun 30, 2024 -15.22 Mn
Mar 31, 2024 -13.90 Mn
Dec 31, 2023 -37.07 Mn
Jun 30, 2023 -9.17 Mn
Mar 31, 2023 -5.04 Mn