Vulcan Infrastructure & Power GREEL
NASDAQ GREEL
$24.65 -0.05 (-0.20%)
As of: Sep 8, 2026 · 12:14 PM EDT

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

Historic Data

Download Data
DateValue
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