Vulcan Infrastructure & Power (GREEL) Operating Expenses (2020 - 2026)

Vulcan Infrastructure & Power (GREEL) posted quarterly Operating Expenses of $25.4 million for Q1 2026, up 17.35% year-over-year from $21.6 million in Q1 2025, and up 159.85% quarter-over-quarter from $9.8 million in Q4 2025.

Vulcan Infrastructure & Power (GREEL) Operating Expenses (2020 - 2026) Analysis & Trends

Vulcan Infrastructure & Power (GREEL) has reported Operating Expenses for 7 consecutive years, with $25.4 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 17.35% year-over-year to $25.4 million; the TTM figure through Mar 2026 stood at $66.3 million (down 7.31% YoY), while the FY2025 annual figure was $62.6 million, down 11.85% from the prior year.
  • Operating Expenses rose to $25.4 million in Q1 2026 per GREEL's latest filing, from $9.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $145.1 million in Q4 2022 and bottomed at $9.8 million in Q4 2025.
  • Historically, Operating Expenses has averaged $33.5 million across 5 years, with a median of $21.1 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 4708.07% — and 2023, when it tumbled 90.27%.
  • Vulcan Infrastructure & Power's Operating Expenses stood at $145.1 million in 2022, then sank by 90.27% to $14.1 million in 2023, then increased by 14.13% to $16.1 million in 2024, then plunged by 39.33% to $9.8 million in 2025, then surged by 159.85% to $25.4 million in 2026.
  • Business Quant data shows GREEL's Operating Expenses at $25.4 million in Q1 2026, $9.8 million in Q4 2025, and $14.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Vulcan Infrastructure & Power 403.29 Mn 396.24 Mn 17.59 Mn 25.39 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.39 Mn
Dec 31, 2025 9.77 Mn
Sep 30, 2025 14.92 Mn
Jun 30, 2025 16.26 Mn
Mar 31, 2025 21.63 Mn
Dec 31, 2024 16.10 Mn
Sep 30, 2024 17.00 Mn
Jun 30, 2024 16.82 Mn
Mar 31, 2024 21.06 Mn
Dec 31, 2023 14.11 Mn
Sep 30, 2023 31.00 Mn
Jun 30, 2023 21.35 Mn
Mar 31, 2023 20.82 Mn
Dec 31, 2022 145.06 Mn
Sep 30, 2022 40.49 Mn
Jun 30, 2022 109.64 Mn
Mar 31, 2022 27.94 Mn
Dec 31, 2021 -3.15 Mn
Sep 30, 2021 47.62 Mn
Jun 30, 2021 10.89 Mn