Cadeler A (CDLR) Operating Expenses (2021 - 2026)
Cadeler A's (CDLR) quarterly Operating Expenses came in at -$23.3 million in 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.
Analysis
Cadeler A (CDLR) Operating Expenses (2021 - 2026) Analysis & Trends
Cadeler A (CDLR) has reported Operating Expenses for 6 consecutive years, with -$23.3 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Operating Expenses fell 36.64% year-over-year to -$23.3 million in Q1 2026; TTM through Mar 2026 was -$146.5 million, a 36.62% decrease from a year earlier, with the FY2025 full-year figure at -$86.9 million, down 46.88% from the prior year.
- Operating Expenses was -$23.3 million for Q1 2026 at Cadeler A, up 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 5-year average of -$27.6 million and a median of -$17.1 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 175.87% in 2024 and declined 22.74% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at -$16.0 million in 2022, then plunged by 131.52% to -$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 soared by 73.16% to -$23.3 million in 2026.
- The last three Operating Expenses figures came in at -$23.3 million (Q1 2026), -$86.9 million (Q4 2025), and -$19.2 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.96 Bn | 10.63 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.36 Bn | 7.32 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.88 Bn | 6.76 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.14 Bn | 5.14 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.68 Bn | 4.40 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 4.37 Bn | 2.54 Bn | 343.91 Mn | -10.41 Mn |
| 8 | ZIM Integrated Shipping Services | 3.56 Bn | 2.52 Bn | 255.00 Mn | -419.60 Mn |
| 9 | Torm | 3.55 Bn | 205.55 Mn | 652.00 Mn | -72.60 Mn |
| 10 | Cadeler A | 2.27 Bn | 2.03 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Dec 31, 2022 | -16.01 Mn |
| Dec 31, 2021 | -12.50 Mn |