Vulcan Infrastructure & Power (GREEL) Operating Expenses (2020 - 2026)
Vulcan Infrastructure & Power's (GREEL) quarterly Operating Expenses came in at $13.0 million in Q2 2026, down 19.88% year-over-year from $16.3 million in Q2 2025, and down 48.69% quarter-over-quarter from $25.4 million in Q1 2026.
Analysis
Vulcan Infrastructure & Power (GREEL) Operating Expenses (2020 - 2026) Analysis & Trends
Vulcan Infrastructure & Power (GREEL) has reported Operating Expenses for 7 consecutive years, with $13.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 19.88% year-over-year to $13.0 million in Q2 2026; TTM through Jun 2026 was $63.1 million, a 11.13% decrease from a year earlier, with the FY2025 full-year figure at $62.6 million, down 11.85% from the prior year.
- Operating Expenses was $13.0 million for Q2 2026 at Vulcan Infrastructure & Power, down from $25.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $145.1 million in Q4 2022 and troughed at $9.8 million in Q4 2025.
- A 5-year average of $32.4 million and a median of $20.9 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 4708.07% in 2022 and plunged 90.27% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $145.1 million in 2022, then sank by 90.27% to $14.1 million in 2023, then climbed by 14.13% to $16.1 million in 2024, then plunged by 39.33% to $9.8 million in 2025, then jumped by 33.33% to $13.0 million in 2026.
- The last three Operating Expenses figures came in at $13.0 million (Q2 2026), $25.4 million (Q1 2026), and $9.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.58 Bn | 100.36 Bn | 1.40 Bn | 1.96 Bn |
| 2 | Terawulf | 8.64 Bn | 5.88 Bn | 32.37 Mn | 185.22 Mn |
| 3 | Applied Digital | 7.77 Bn | 3.80 Bn | 97.29 Mn | 383.57 Mn |
| 4 | Cipher Digital | 7.57 Bn | 3.55 Bn | 9.79 Mn | 35.08 Mn |
| 5 | GDS Holdings | 6.07 Bn | 3.88 Bn | 97.89 Mn | -28.32 Mn |
| 6 | Core Scientific | 6.06 Bn | 4.12 Bn | 70.04 Mn | 49.39 Mn |
| 7 | Vnet | 1.82 Bn | 832.46 Mn | 74.45 Mn | -40.67 Mn |
| 8 | Sify Technologies | 1.57 Bn | 1.57 Bn | 51.65 Mn | -97.82 Mn |
| 9 | WhiteFiber | 790.27 Mn | 729.90 Mn | 18.88 Mn | 38.09 Mn |
| 10 | Vulcan Infrastructure & Power | 422.40 Mn | 419.20 Mn | -1.25 Mn | 13.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.03 Mn |
| 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 |