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

Pangaea Logistics Solutions' (PANL) quarterly Operating Expenses came in at $160.1 million in Q1 2026, up 33.57% year-on-year from $119.9 million in Q1 2025, and down 3.8% quarter-over-quarter from $166.4 million in Q4 2025.

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 $160.1 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $160.1 million, up 33.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $631.3 million (up 22.77% YoY), and the FY2025 annual result was $591.1 million, up 21.1% from the prior year.
  • Operating Expenses came in at $160.1 million for Q1 2026 at Pangaea Logistics Solutions, down 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.
  • The 5-year median for Operating Expenses is $132.4 million (2024), against an average of $134.6 million.
  • Peak annual rise in Operating Expenses reached 44.98% in 2022, while the deepest fall reached 46.42% in 2022.
  • Pangaea Logistics Solutions' 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 retreated by 3.8% to $160.1 million in 2026.
  • The last three Operating Expenses figures came in at $160.1 million (Q1 2026), $166.4 million (Q4 2025), and $151.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 C3is 744.65 Bn 744.65 Bn 9.11 Mn 6.31 Mn
2 Kirby 7.86 Bn 7.78 Bn 291.34 Mn 722.10 Mn
3 Matson 5.69 Bn 5.59 Bn - 696.40 Mn
4 Hafnia 3.63 Bn 3.52 Bn 152.41 Mn -24.49 Mn
5 Star Bulk Carriers 3.14 Bn 3.13 Bn 371.22 Mn 223.85 Mn
6 ZIM Integrated Shipping Services 3.12 Bn 1.01 Bn 57.20 Mn -403.80 Mn
7 Costamare 1.93 Bn 1.42 Bn - -42.16 Mn
8 Navios Maritime Partners 1.87 Bn 1.47 Bn 262.01 Mn -23.83 Mn
9 Global Ship Lease 1.37 Bn 1.37 Bn - 8.85 Mn
10 Pangaea Logistics Solutions 462.83 Mn 418.86 Mn - 160.11 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 129.40 Mn