Murano Global Investments MRNO
NASDAQ MRNO
$0.21 -0.01 (-2.94%)
As of: Sep 10, 2026 · 12:56 PM EDT

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

Historic Data

Download Data
DateValue
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