Pangaea Logistics Solutions (PANL) Operating Expenses (2014 - 2026)
Pangaea Logistics Solutions (PANL) reported Operating Expenses of $160.1 million for Q1 2026, up 33.57% on a YoY basis from $119.9 million in Q1 2025, and down 3.8% sequentially from $166.4 million in Q4 2025.
Pangaea Logistics Solutions (PANL) Operating Expenses (2014 - 2026) Analysis & Trends
Pangaea Logistics Solutions (PANL) has 13 years of Operating Expenses data on file, last reported at $160.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 33.57% year-over-year to $160.1 million; the trailing twelve-month figure through Mar 2026 stood at $631.3 million (up 22.77% YoY), and the FY2025 full-year result was $591.1 million, up 21.1% from the prior year.
- Operating Expenses retreated to $160.1 million in Q1 2026, from $166.4 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.
- A 5-year average of $134.6 million and a median of $132.4 million in 2024 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 44.98% in 2022, while the deepest fall reached 46.42% in 2022.
- Tracing PANL's Operating Expenses over 5 years: stood at $109.2 million in 2022, then climbed by 11.08% to $121.3 million in 2023, then gained by 9.13% to $132.4 million in 2024, then increased by 25.74% to $166.4 million in 2025, then fell by 3.8% to $160.1 million in 2026.
- Business Quant data shows PANL's Operating Expenses at $160.1 million in Q1 2026, $166.4 million in Q4 2025, and $151.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,968,558.65 Bn | 2,968,557.73 Bn | 57.20 Mn | -403.80 Mn |
| 2 | Danaos | 2,526.27 Bn | 2,525.40 Bn | 203.71 Mn | -15.99 Mn |
| 3 | Sfl | 1,574.72 Bn | 1,574.57 Bn | 66.27 Mn | 129.63 Mn |
| 4 | Capital Clean Energy Carriers | 1,410.00 Bn | 1,409.46 Bn | 95.52 Mn | 3.47 Mn |
| 5 | Globus Maritime | 58.94 Bn | 58.91 Bn | 8,083.00 | -3,255.00 |
| 6 | Kirby | 7.99 Bn | 7.92 Bn | 291.34 Mn | 722.10 Mn |
| 7 | Matson | 6.24 Bn | 6.14 Bn | - | 623.90 Mn |
| 8 | Intercont (Cayman) | 3.95 Bn | 3.95 Bn | - | - |
| 9 | Hafnia | 3.72 Bn | 3.60 Bn | 152.41 Mn | -49.23 Mn |
| 10 | Pangaea Logistics Solutions | 477.60 Mn | 387.85 Mn | - | 160.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 110.20 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 |
| Jun 30, 2021 | 129.40 Mn |