Pangaea Logistics Solutions (PANL) Operating Expenses (2014 - 2026)
Pangaea Logistics Solutions (PANL) posted Operating Expenses of $160.1 million for Q1 2026, down 3.8% sequentially from $166.4 million in Q4 2025, and up 33.57% YoY from $119.9 million in Q1 2025.
Pangaea Logistics Solutions (PANL) Operating Expenses (2014 - 2026) Analysis & Trends
Pangaea Logistics Solutions has reported Operating Expenses for 13 years, with the latest figure at $160.1 million in Q1 2026.
- Quarterly Operating Expenses rose 33.57% year-over-year to $160.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $631.3 million (up 22.77% YoY) and the FY2025 annual result came in at $591.1 million, up 21.1% from the prior year.
- Operating Expenses retreated to $160.1 million in Q1 2026 per PANL's latest filing, from $166.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $171.8 million in Q1 2022 and troughed at $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.
- The widest YoY moves for Operating Expenses: up 44.98% in 2022, down 46.42% in 2022.
- Over 5 years, Operating Expenses stood at $109.2 million in 2022, then rose by 11.08% to $121.3 million in 2023, then grew by 9.13% to $132.4 million in 2024, then advanced by 25.74% to $166.4 million in 2025, then slipped by 3.8% to $160.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $160.1 million, $166.4 million, and $151.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Pangaea Logistics Solutions | 490.71 Mn | 385.03 Mn | - | 165.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 110.20 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 |