Flex LNG (FLNG) Cost of Revenue (2018 - 2026)
Flex LNG's (FLNG) quarterly Cost of Revenue came in at $13.6 million in Q1 2026, up 7.82% year-over-year from $12.6 million in Q1 2025, and down 4.29% quarter-over-quarter from $14.2 million in Q4 2025.
Analysis
Flex LNG (FLNG) Cost of Revenue (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Cost of Revenue across 9 years of filings, most recently posting $13.6 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 7.82% year-over-year to $13.6 million; the TTM figure through Mar 2026 stood at $54.1 million (up 6.42% YoY), while the FY2025 annual figure was $53.6 million, up 4.94% from the prior year.
- Cost of Revenue came in at $13.6 million for Q1 2026 at Flex LNG, down from $14.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $14.2 million in Q4 2025 to a low of $11.3 million in Q1 2022.
- Average Cost of Revenue over 5 years is $12.8 million, with a median of $12.7 million recorded in 2024.
- Year-over-year, Cost of Revenue slipped 22.06% in 2022 and grew 13.35% in 2023.
- Over 5 years, Cost of Revenue stood at $11.9 million in 2022, then grew by 13.35% to $13.5 million in 2023, then slipped by 5.78% to $12.7 million in 2024, then gained by 11.55% to $14.2 million in 2025, then dropped by 4.29% to $13.6 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $13.6 million in Q1 2026, $14.2 million in Q4 2025, and $13.6 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 631.60 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 129,000.00 |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 132.75 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 252.96 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 64.83 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 57.61 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 10.80 Mn |
| 10 | Flex LNG | 1.70 Bn | 1.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 13.61 Mn |
| Dec 31, 2025 | 14.22 Mn |
| Sep 30, 2025 | 13.63 Mn |
| Mar 31, 2025 | 12.62 Mn |
| Dec 31, 2024 | 12.75 Mn |
| Sep 30, 2024 | 13.07 Mn |
| Mar 31, 2024 | 12.37 Mn |
| Dec 31, 2023 | 13.53 Mn |
| Sep 30, 2023 | 12.63 Mn |
| Jun 30, 2023 | 12.87 Mn |
| Mar 31, 2023 | 11.62 Mn |
| Dec 31, 2022 | 11.94 Mn |
| Sep 30, 2022 | 13.41 Mn |
| Jun 30, 2022 | 12.05 Mn |
| Mar 31, 2022 | 11.33 Mn |
| Dec 31, 2021 | 12.71 Mn |
| Sep 30, 2021 | 12.32 Mn |
| Jun 30, 2021 | 15.46 Mn |
| Dec 31, 2020 | 11.09 Mn |
| Sep 30, 2020 | 8.55 Mn |