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| 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 |