C3is (CISS) Operating Expenses (2023 - 2026)

C3is (CISS) recorded quarterly Operating Expenses of $6.3 million in Q1 2026, down 20.66% quarter-over-quarter from $8.0 million in Q4 2025, and down 15.14% on a YoY basis from $7.4 million in Q1 2025.

C3is (CISS) Operating Expenses (2023 - 2026) Analysis & Trends

C3is' Operating Expenses history runs 4 years deep, the most recent figure standing at $6.3 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 15.14% year-over-year to $6.3 million; the TTM figure through Mar 2026 stood at $41.1 million (up 28.24% YoY), while the FY2025 annual figure was $33.4 million, up 3.59% from the prior year.
  • Operating Expenses was $6.3 million for Q1 2026 at C3is, down from $8.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $17.1 million in Q3 2025 to a low of $2.1 million in Q2 2023.
  • Historically, Operating Expenses has averaged $7.6 million across 4 years, with a median of $7.7 million in 2024.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses surged 258.94% in 2024, then fell 15.14% in 2026.
  • A 4-year view of Operating Expenses shows it stood at $7.7 million in 2023, then increased by 7.89% to $8.3 million in 2024, then dropped by 4.07% to $8.0 million in 2025, then fell by 20.66% to $6.3 million in 2026.
  • The last three Operating Expenses figures came in at $6.3 million (Q1 2026), $8.0 million (Q4 2025), and $17.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 C3is 744.65 Bn 744.65 Bn 9.11 Mn 6.31 Mn
2 Kirby 7.86 Bn 7.78 Bn 291.34 Mn 722.10 Mn
3 Matson 5.69 Bn 5.59 Bn - 696.40 Mn
4 Hafnia 3.63 Bn 3.52 Bn 152.41 Mn -24.49 Mn
5 Star Bulk Carriers 3.14 Bn 3.13 Bn 371.22 Mn 223.85 Mn
6 ZIM Integrated Shipping Services 3.12 Bn 1.01 Bn 57.20 Mn -403.80 Mn
7 Costamare 1.93 Bn 1.42 Bn - -42.16 Mn
8 Navios Maritime Partners 1.87 Bn 1.47 Bn 262.01 Mn -23.83 Mn
9 Global Ship Lease 1.37 Bn 1.37 Bn - 8.85 Mn
10 Capital Clean Energy Carriers 1.33 Bn 792.93 Mn 78.44 Mn 3.47 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.31 Mn
Dec 31, 2025 7.95 Mn
Sep 2, 2025 17.12 Mn
Jun 30, 2025 9.68 Mn
Mar 31, 2025 7.44 Mn
Dec 31, 2024 8.29 Mn
Sep 30, 2024 8.87 Mn
Jun 30, 2024 7.42 Mn
Mar 31, 2024 7.65 Mn
Dec 31, 2023 7.69 Mn
Sep 30, 2023 6.16 Mn
Jun 30, 2023 2.07 Mn
Mar 31, 2023 2.40 Mn