Flex LNG (FLNG) Cost of Revenue (2018 - 2026)
Flex LNG (FLNG) reported Cost of Revenue of $18.7 million for Q1 2026, up 3.05% year-over-year from $18.1 million in Q1 2025, and down 5.88% sequentially from $19.8 million in Q4 2025.
Flex LNG (FLNG) Cost of Revenue (2018 - 2026) Analysis & Trends
Flex LNG's Cost of Revenue history runs 9 years deep, the most recent figure standing at $18.7 million for Q1 2026.
- Quarterly Cost of Revenue rose 3.05% year-over-year to $18.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $75.4 million (up 5.71% YoY) and the FY2025 annual result came in at $74.9 million, up 7.09% from the prior year.
- Cost of Revenue was $18.7 million for Q1 2026 at Flex LNG, down from $19.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $19.8 million in Q4 2025 to a low of $14.4 million in Q1 2022.
- Median Cost of Revenue over the past 5 years was $17.6 million (2024), compared with a mean of $17.4 million.
- Across the five-year window, Cost of Revenue increased 13.68% in 2023 and slipped 4.47% in 2024, its largest moves.
- Over 5 years, Cost of Revenue stood at $16.2 million in 2022, then climbed by 13.68% to $18.4 million in 2023, then slipped by 4.47% to $17.6 million in 2024, then rose by 12.7% to $19.8 million in 2025, then fell by 5.88% to $18.7 million in 2026.
- Business Quant data shows FLNG's Cost of Revenue at $18.7 million in Q1 2026, $19.8 million in Q4 2025, and $18.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Flex LNG | - | - | 61.79 Mn | 18.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.67 Mn |
| Mar 31, 2026 | 18.67 Mn |
| Dec 31, 2025 | 19.83 Mn |
| Dec 31, 2025 | 19.83 Mn |
| Sep 30, 2025 | 18.76 Mn |
| Sep 30, 2025 | 18.76 Mn |
| Jun 30, 2025 | 18.18 Mn |
| Jun 30, 2025 | 18.18 Mn |
| Mar 31, 2025 | 18.11 Mn |
| Mar 31, 2025 | 18.11 Mn |
| Dec 31, 2024 | 17.60 Mn |
| Dec 31, 2024 | 17.60 Mn |
| Sep 30, 2024 | 17.84 Mn |
| Sep 30, 2024 | 17.84 Mn |
| Jun 30, 2024 | 17.81 Mn |
| Jun 30, 2024 | 17.81 Mn |
| Mar 31, 2024 | 16.68 Mn |
| Mar 31, 2024 | 16.68 Mn |
| Dec 31, 2023 | 18.42 Mn |
| Dec 31, 2023 | 18.42 Mn |