Kestrel (KG) Operating Expenses (2024 - 2026)

Kestrel (KG) recorded quarterly Operating Expenses of $11.7 million in Q1 2026, down 2.6% quarter-over-quarter from $12.1 million in Q4 2025, and up 927.38% on a YoY basis from $1.1 million in Q1 2025.

Kestrel (KG) Operating Expenses (2024 - 2026) Analysis & Trends

Kestrel's Operating Expenses history runs 3 years deep, the most recent figure standing at $11.7 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 927.38% year-over-year to $11.7 million; the TTM figure through Mar 2026 stood at $39.7 million (up 756.63% YoY), while the FY2025 annual figure was $29.1 million, up 468.95% from the prior year.
  • Operating Expenses was $11.7 million for Q1 2026 at Kestrel, down from $12.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $12.1 million in Q4 2025 to a low of $1.1 million in Q4 2024.
  • Historically, Operating Expenses has averaged $5.5 million across 3 years, with a median of $3.1 million in 2024.
  • Biggest YoY gain for Operating Expenses was 968.79% in 2025; the steepest drop was 331.24% in 2025.
  • A 3-year view of Operating Expenses shows it stood at $1.1 million in 2024, then soared by 968.79% to $12.1 million in 2025, then decreased by 2.6% to $11.7 million in 2026.
  • The last three Operating Expenses figures came in at $11.7 million (Q1 2026), $12.1 million (Q4 2025), and $10.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Reinsurance Group Of America 13.65 Bn 4.66 Bn -26.00 Mn 6.05 Bn
2 Everest 13.51 Bn -33.73 Bn 2.75 Bn 3.33 Bn
3 Renaissancere Holdings 12.72 Bn 14.32 Bn 1.21 Bn 1.65 Bn
4 Hamilton Insurance 3.17 Bn 2.36 Bn - 539.55 Mn
5 SiriusPoint 2.73 Bn 1.85 Bn 567.70 Mn 653.10 Mn
6 Greenlight Capital Re 540.25 Mn 465.17 Mn 62.99 Mn 153.80 Mn
7 Kestrel 91.87 Mn 65.07 Mn 7.94 Mn 11.74 Mn
8 Oxbridge Re Holdings 7.74 Mn 6.93 Mn - 583,000.00
9 Reinsurance Group Of America - - -26.00 Mn 6.05 Bn
10 Oxbridge Re Holdings - - - 583,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 11.74 Mn
Dec 31, 2025 12.06 Mn
Sep 30, 2025 10.78 Mn
Jun 30, 2025 5.08 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