Kestrel (KG) Operating Expenses (2024 - 2026)
Kestrel (KG) posted Operating Expenses of $14.9 million for Q2 2026, down 13.12% on a QoQ basis from $17.1 million in Q1 2026, and up 123.13% year-over-year from $6.7 million in Q2 2025.
Analysis
Kestrel (KG) Operating Expenses (2024 - 2026) Analysis & Trends
Kestrel has reported Operating Expenses for 3 years, with the latest figure at $14.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 123.13% year-over-year to $14.9 million in Q2 2026; TTM through Jun 2026 was $80.2 million, a 231.7% increase from a year earlier, with the FY2025 full-year figure at -$15.5 million, down 404.09% from the prior year.
- Operating Expenses was $14.9 million for Q2 2026 at Kestrel, down from $17.1 million in the prior quarter.
- The five-year high for Operating Expenses was $26.7 million in Q4 2025, with the low at -$64.4 million in Q2 2025.
- Average Operating Expenses over 3 years is $2.3 million, with a median of $1.2 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 2266.31% in 2025 against a maximum downside of 5563.84% in 2025.
- Over 3 years, Operating Expenses stood at $1.1 million in 2024, then jumped by 2266.31% to $26.7 million in 2025, then tumbled by 44.22% to $14.9 million in 2026.
- The last three Operating Expenses figures came in at $14.9 million (Q2 2026), $17.1 million (Q1 2026), and $26.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 86.80 Bn | 74.60 Bn | 6.04 Bn | 5.51 Bn |
| 2 | Aon | 67.56 Bn | 66.29 Bn | - | 3.33 Bn |
| 3 | Arthur J. Gallagher | 64.64 Bn | 63.25 Bn | - | 3.59 Bn |
| 4 | Willis Towers Watson | 30.60 Bn | 28.94 Bn | 2.09 Bn | 2.10 Bn |
| 5 | Brown & Brown | 22.70 Bn | 21.78 Bn | 1.41 Bn | 1.29 Bn |
| 6 | XChange TEC.INC | 15.90 Bn | 15.90 Bn | - | - |
| 7 | Erie Indemnity | 11.30 Bn | 10.96 Bn | - | 885.67 Mn |
| 8 | Ryan Specialty Holdings | 5.11 Bn | 4.97 Bn | - | 736.33 Mn |
| 9 | Neptune Insurance Holdings | 4.43 Bn | 4.41 Bn | - | 29.32 Mn |
| 10 | Kestrel | 58.21 Mn | 30.40 Mn | 5.17 Mn | 14.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.89 Mn |
| Mar 31, 2026 | 17.14 Mn |
| Dec 31, 2025 | 26.69 Mn |
| Sep 30, 2025 | 21.50 Mn |
| Jun 30, 2025 | -64.36 Mn |
| Mar 31, 2025 | 1.14 Mn |
| Dec 31, 2024 | 1.13 Mn |
| Sep 30, 2024 | 1.18 Mn |
| Jun 30, 2024 | 1.18 Mn |