Cadre Holdings (CDRE) Operating Expenses (2020 - 2025)
Cadre Holdings' (CDRE) quarterly Operating Expenses came in at $48.0 million in Q3 2025, up 38.63% YoY from $34.6 million in Q3 2024, and down 3.25% on a QoQ basis from $49.6 million in Q2 2025.
Cadre Holdings (CDRE) Operating Expenses (2020 - 2025) Analysis & Trends
Cadre Holdings (CDRE) has 6 years of Operating Expenses data on file, last reported at $48.0 million in Q3 2025.
- Quarterly Operating Expenses rose 38.63% year-over-year to $48.0 million in Q3 2025, while the trailing twelve-month figure through Dec 2025 was $140.1 million (down 15.97% YoY) and the FY2024 annual result came in at $166.7 million, up 15.61% from the prior year.
- Operating Expenses retreated to $48.0 million in Q3 2025, from $49.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $54.7 million in Q1 2022 to a low of $27.8 million in Q3 2021.
- A 5-year average of $38.4 million and a median of $35.8 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 91.66% — and 2023, when it sank 35.25%.
- Tracing CDRE's Operating Expenses over 5 years: stood at $29.9 million in 2021, then advanced by 19.85% to $35.8 million in 2022, then advanced by 3.56% to $37.1 million in 2023, then grew by 28.86% to $47.8 million in 2024, then climbed by 0.35% to $48.0 million in 2025.
- The last three Operating Expenses figures came in at $48.0 million (Q3 2025), $49.6 million (Q2 2025), and $42.6 million (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.21 Bn | 352.87 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 285.13 Bn | 276.82 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 168.68 Bn | 148.65 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 130.73 Bn | 126.94 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 108.51 Bn | 107.94 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 103.74 Bn | 99.40 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 78.72 Bn | 76.41 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 68.81 Bn | 66.04 Bn | 1.63 Bn | 332.00 Mn |
| 9 | Axon Enterprise | 50.73 Bn | 50.06 Bn | 546.45 Mn | 499.67 Mn |
| 10 | Cadre Holdings | 1.39 Bn | 1.26 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 47.95 Mn |
| Jun 30, 2025 | 49.56 Mn |
| Mar 31, 2025 | 42.58 Mn |
| Dec 31, 2024 | 47.78 Mn |
| Sep 30, 2024 | 34.59 Mn |
| Jun 30, 2024 | 38.70 Mn |
| Mar 31, 2024 | 45.65 Mn |
| Dec 31, 2023 | 37.08 Mn |
| Sep 30, 2023 | 36.87 Mn |
| Jun 30, 2023 | 34.86 Mn |
| Mar 31, 2023 | 35.40 Mn |
| Dec 31, 2022 | 35.81 Mn |
| Sep 30, 2022 | 33.42 Mn |
| Jun 30, 2022 | 35.06 Mn |
| Mar 31, 2022 | 54.67 Mn |
| Dec 31, 2021 | 29.88 Mn |
| Sep 30, 2021 | 27.77 Mn |
| Jun 30, 2021 | 32.81 Mn |
| Mar 31, 2021 | 28.53 Mn |
| Dec 31, 2020 | 30.50 Mn |