C3is (CISS) Operating Expenses (2023 - 2026)

C3is (CISS) posted quarterly Operating Expenses of $6.3 million for Q1 2026, down 15.14% year-on-year from $7.4 million in Q1 2025, and down 20.66% on a QoQ basis from $8.0 million in Q4 2025.

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

C3is (CISS) has reported Operating Expenses for 4 consecutive years, with $6.3 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses fell 15.14% year-over-year to $6.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $41.1 million (down 13.86% YoY) and the FY2025 annual result came in at $33.4 million, up 3.59% from the prior year.
  • Operating Expenses fell to $6.3 million in Q1 2026 per CISS's latest filing, from $8.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for CISS reached as high as $23.9 million in Q4 2024 and fell as low as $2.1 million in Q2 2023.
  • A 4-year average of $9.0 million and a median of $7.7 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses soared 258.94% — and 2025, when it tumbled 66.78%.
  • Year by year, Operating Expenses stood at $10.6 million in 2023, then jumped by 125.33% to $23.9 million in 2024, then slumped by 66.78% to $8.0 million in 2025, then decreased by 20.66% to $6.3 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $6.3 million, $8.0 million, and $17.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 ZIM Integrated Shipping Services 3,084,216.90 Bn 3,084,215.99 Bn 57.20 Mn -403.80 Mn
2 Danaos 37,407.52 Bn 37,406.64 Bn 203.71 Mn -15.99 Mn
3 Sfl 1,574.06 Bn 1,573.91 Bn 66.27 Mn 129.63 Mn
4 Capital Clean Energy Carriers 37.96 Bn 37.42 Bn 95.52 Mn 3.47 Mn
5 Kirby 9.76 Bn 9.69 Bn 291.34 Mn 722.10 Mn
6 Matson 6.49 Bn 6.39 Bn - 623.90 Mn
7 C3is 5.03 Bn 5.03 Bn 10.51 Mn 6.31 Mn
8 Hafnia 3.79 Bn 3.79 Bn 152.41 Mn -49.23 Mn
9 Intercont (Cayman) 3.29 Bn 3.29 Bn - -
10 Star Bulk Carriers 3.08 Bn 2.59 Bn 493.84 Mn -412.62 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 23.94 Mn
Sep 30, 2024 8.87 Mn
Jun 30, 2024 7.42 Mn
Mar 31, 2024 7.65 Mn
Dec 31, 2023 10.63 Mn
Sep 30, 2023 6.16 Mn
Jun 30, 2023 2.07 Mn
Mar 31, 2023 2.40 Mn