Karbon-X (KARX) Operating Expenses (2018 - 2026)
Karbon-X's Operating Expenses was $3.56 million in fiscal Q4 2026 (quarter ended May 31, 2026), up 17.1% from $3.04 million a year earlier and up 25.3% from the prior quarter.
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Analysis
Karbon-X (KARX) Operating Expenses (2018 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Operating Expenses at Karbon-X came in at $11.93 million, up 60.1% from FY2025.
- Operating Expenses shows a five-year compound annual growth rate of 353.9% (FY2021 to FY2026).
- In earlier fiscal years, Operating Expenses was $7.45 million in FY2025 (+375.4%), $1.57 million in FY2024 (-21.2%), $1.99 million in FY2023 (+733.5%) and $238,745 in FY2022.
- The fiscal Q4 2026 figure marks the highest quarterly Operating Expenses in data going back to fiscal Q1 2019.
- Compared with a year earlier, Operating Expenses has increased for eight straight quarters, with growth averaging 225.8% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was fiscal Q4 2023 (growth of 548.7%); the worst was fiscal Q3 2022 (a decline of 84.8%).
- Per Business Quant data, KARX's Operating Expenses in the three fiscal quarters before Q4 2026 was $2.84 million (Q3 2026), $2.87 million (Q2 2026) and $2.66 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | 4.66 Bn |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | 2.50 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | 2.07 Bn |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | 1.33 Bn |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | 1.02 Bn |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 15.27 Bn | 6.37 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.74 Bn | 11.17 Bn | - | - |
| 10 | Karbon-X | 14.23 Mn | 1.14 Mn | 85,253.00 | 3.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 3.56 Mn |
| Feb 28, 2026 | 2.84 Mn |
| Nov 30, 2025 | 2.87 Mn |
| Aug 31, 2025 | 2.66 Mn |
| May 31, 2025 | 3.04 Mn |
| Feb 28, 2025 | 1.82 Mn |
| Nov 30, 2024 | 1.74 Mn |
| Aug 31, 2024 | 825,684.00 |
| May 31, 2024 | 543,347.00 |
| Feb 29, 2024 | 394,863.00 |
| Nov 30, 2023 | 303,357.00 |
| Aug 31, 2023 | 325,474.00 |
| May 31, 2023 | 1.32 Mn |
| Feb 28, 2023 | 391,898.00 |
| Nov 30, 2022 | 142,415.00 |
| Aug 31, 2022 | 195,868.00 |
| May 31, 2022 | 203,964.00 |
| Feb 28, 2022 | 1,865.00 |
| Nov 30, 2021 | 1,192.00 |
| Aug 31, 2021 | 1,579.00 |
API Access
Karbon-X Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=KARX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "KARX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=KARX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();