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| Date | Value |
|---|---|
| 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 |