Pangaea Logistics Solutions PANL
NASDAQ PANL
$8.31 -0.24 (-2.81%)
As of: Sep 8, 2026 · 3:59 PM EDT

Pangaea Logistics Solutions (PANL) Operating Expenses (2014 - 2026)

Pangaea Logistics Solutions' (PANL) quarterly Operating Expenses came in at $165.8 million in Q2 2026, up 8.32% year-over-year from $153.0 million in Q2 2025, and up 3.53% quarter-over-quarter from $160.1 million in Q1 2026.

Analysis

Pangaea Logistics Solutions (PANL) Operating Expenses (2014 - 2026) Analysis & Trends

Pangaea Logistics Solutions has disclosed Operating Expenses across 13 years of filings, most recently posting $165.8 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 8.32% year-over-year to $165.8 million; the TTM figure through Jun 2026 stood at $644.1 million (up 18.53% YoY), while the FY2025 annual figure was $591.1 million, up 21.1% from the prior year.
  • Operating Expenses came in at $165.8 million for Q2 2026 at Pangaea Logistics Solutions, up from $160.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $171.8 million in Q1 2022 to a low of $93.7 million in Q1 2024.
  • Average Operating Expenses over 5 years is $136.3 million, with a median of $135.2 million recorded in 2024.
  • The largest YoY upside for Operating Expenses was 44.98% in 2022 against a maximum downside of 46.42% in 2022.
  • Over 5 years, Operating Expenses stood at $109.2 million in 2022, then grew by 11.08% to $121.3 million in 2023, then advanced by 9.13% to $132.4 million in 2024, then rose by 25.74% to $166.4 million in 2025, then dropped by 0.4% to $165.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $165.8 million in Q2 2026, $160.1 million in Q1 2026, and $166.4 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Frontline 10.35 Bn 10.03 Bn - 347.18 Mn
2 Kirby 7.39 Bn 7.35 Bn 290.80 Mn 800.04 Mn
3 Matson 6.76 Bn 6.64 Bn - 810.50 Mn
4 International Seaways 5.13 Bn 5.13 Bn 467.16 Mn 168.38 Mn
5 Hafnia 4.45 Bn 4.17 Bn 372.91 Mn -47.20 Mn
6 Cmb.Tech 4.42 Bn 4.26 Bn 970.62 Mn -783.93 Mn
7 Scorpio Tankers 3.80 Bn 1.97 Bn 343.91 Mn -10.41 Mn
8 ZIM Integrated Shipping Services 3.60 Bn 2.57 Bn 255.00 Mn -419.60 Mn
9 Star Bulk Carriers 3.56 Bn 3.00 Bn 299.80 Mn 202.38 Mn
10 Pangaea Logistics Solutions 535.14 Mn 429.46 Mn - 165.77 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 165.77 Mn
Mar 31, 2026 160.11 Mn
Dec 31, 2025 166.44 Mn
Sep 30, 2025 151.75 Mn
Jun 30, 2025 153.04 Mn
Mar 31, 2025 119.88 Mn
Dec 31, 2024 132.37 Mn
Sep 30, 2024 138.11 Mn
Jun 30, 2024 123.88 Mn
Mar 31, 2024 93.72 Mn
Dec 31, 2023 121.30 Mn
Sep 30, 2023 115.90 Mn
Jun 30, 2023 110.22 Mn
Mar 31, 2023 107.20 Mn
Dec 31, 2022 109.20 Mn
Sep 30, 2022 154.10 Mn
Jun 30, 2022 159.20 Mn
Mar 31, 2022 171.80 Mn
Dec 31, 2021 203.80 Mn
Sep 30, 2021 187.50 Mn