Flex LNG (FLNG) Operating Expenses (2018 - 2026)
Flex LNG's (FLNG) quarterly Operating Expenses came in at -$15.9 million in Q1 2026, down 8.21% year-over-year from -$17.3 million in Q1 2025, and down 2.84% quarter-over-quarter from -$15.5 million in Q4 2025.
Analysis
Flex LNG (FLNG) Operating Expenses (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Operating Expenses across 9 years of filings, most recently posting -$15.9 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 8.21% year-over-year to -$15.9 million; the TTM figure through Mar 2026 stood at -$61.5 million (changed 0.49% YoY), while the FY2025 annual figure was -$60.5 million, up 2.8% from the prior year.
- Operating Expenses came in at -$15.9 million for Q1 2026 at Flex LNG, down from -$15.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$14.7 million in Q1 2025 to a low of -$16.2 million in Q1 2022.
- Average Operating Expenses over 5 years is -$15.5 million, with a median of -$15.6 million recorded in 2022.
- Year-over-year, Operating Expenses increased 20.86% in 2022 and retreated 8.21% in 2026.
- Over 5 years, Operating Expenses stood at -$15.1 million in 2022, then dropped by 1.49% to -$15.3 million in 2023, then slipped by 1.58% to -$15.6 million in 2024, then grew by 0.69% to -$15.5 million in 2025, then fell by 2.84% to -$15.9 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$15.9 million in Q1 2026, -$15.5 million in Q4 2025, and -$15.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | -10.41 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 202.38 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -72.60 Mn |
| 10 | Flex LNG | 1.70 Bn | 1.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -15.90 Mn |
| Dec 31, 2025 | -15.46 Mn |
| Sep 30, 2025 | -15.45 Mn |
| Mar 31, 2025 | -14.70 Mn |
| Dec 31, 2024 | -15.57 Mn |
| Sep 30, 2024 | -15.31 Mn |
| Mar 31, 2024 | -15.63 Mn |
| Dec 31, 2023 | -15.33 Mn |
| Sep 30, 2023 | -15.68 Mn |
| Jun 30, 2023 | -15.22 Mn |
| Mar 31, 2023 | -15.89 Mn |
| Dec 31, 2022 | -15.10 Mn |
| Sep 30, 2022 | -15.75 Mn |
| Jun 30, 2022 | -15.55 Mn |
| Mar 31, 2022 | -16.19 Mn |
| Dec 31, 2021 | -16.06 Mn |
| Sep 30, 2021 | -15.78 Mn |
| Jun 30, 2021 | -19.65 Mn |
| Dec 31, 2020 | -11.94 Mn |
| Sep 30, 2020 | -12.27 Mn |