Murano Global Investments (MRNO) Operating Expenses (2023 - 2025)
Murano Global Investments (MRNO) posted Operating Expenses of $21.4 million for Q4 2025, up 4.61% on a QoQ basis from $20.4 million in Q3 2025, and down 40.13% year-over-year from $35.7 million in Q4 2024.
Analysis
Murano Global Investments (MRNO) Operating Expenses (2023 - 2025) Analysis & Trends
Murano Global Investments has reported Operating Expenses for 3 years, with the latest figure at $21.4 million in Q4 2025.
- On a quarterly basis, Operating Expenses fell 40.13% year-over-year to $21.4 million in Q4 2025; TTM through Dec 2025 was $82.3 million, a 10.23% increase from a year earlier, with the FY2025 full-year figure at $80.9 million, up 14.75% from the prior year.
- Operating Expenses was $21.4 million for Q4 2025 at Murano Global Investments, up from $20.4 million in the prior quarter.
- The five-year high for Operating Expenses was $35.7 million in Q4 2024, with the low at $4.1 million in Q2 2024.
- Average Operating Expenses over 3 years is $16.0 million, with a median of $17.4 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 53.08% in 2024, then surged 408.12% in 2025.
- Over 3 years, Operating Expenses stood at $9.1 million in 2023, then soared by 293.65% to $35.7 million in 2024, then slumped by 40.13% to $21.4 million in 2025.
- The last three Operating Expenses figures came in at $21.4 million (Q4 2025), $20.4 million (Q3 2025), and $21.0 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 86.98 Bn | 86.52 Bn | 1.97 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 69.64 Bn | 68.63 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Hyatt Hotels | 15.36 Bn | 14.75 Bn | 809.00 Mn | 1.70 Bn |
| 4 | H World | 13.29 Bn | 11.17 Bn | 453.94 Mn | -753.00 Mn |
| 5 | Wyndham Hotels & Resorts | 5.18 Bn | 5.11 Bn | 349.00 Mn | 201.00 Mn |
| 6 | Atour Lifestyle Holdings | 4.58 Bn | 3.74 Bn | 511.83 Mn | 80.75 Mn |
| 7 | Choice Hotels International | 4.50 Bn | 4.45 Bn | 243.10 Mn | 336.62 Mn |
| 8 | Hotel101 Global Holdings | 1.12 Bn | 1.10 Bn | - | - |
| 9 | Studio City International Holdings | 323.16 Mn | 216.89 Mn | 144.08 Mn | -14.78 Mn |
| 10 | Murano Global Investments | 16.59 Mn | 1.63 Mn | 16.52 Mn | 21.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 21.39 Mn |
| Sep 30, 2025 | 20.45 Mn |
| Jun 30, 2025 | 21.04 Mn |
| Mar 31, 2025 | 19.42 Mn |
| Dec 31, 2024 | 35.73 Mn |
| Sep 30, 2024 | 18.48 Mn |
| Jun 30, 2024 | 4.14 Mn |
| Mar 31, 2024 | 16.31 Mn |
| Dec 31, 2023 | 9.08 Mn |
| Sep 30, 2023 | 8.84 Mn |
| Jun 30, 2023 | 8.83 Mn |
| Mar 31, 2023 | 8.06 Mn |