Ferrari (RACE) Operating Expenses (2014 - 2025)
Ferrari (RACE) reported Operating Expenses of $479.6 million for Q4 2025, up 10.81% year-over-year from $432.8 million in Q4 2024, and up 7.25% quarter-over-quarter from $447.2 million in Q3 2025.
Ferrari (RACE) Operating Expenses (2014 - 2025) Analysis & Trends
Ferrari (RACE) has 12 years of Operating Expenses data on file, last reported at $479.6 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $479.6 million, up 10.81% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.8 billion (up 12.09% YoY), and the FY2025 annual result was $1.8 billion, up 13.44% from the prior year.
- Operating Expenses advanced to $479.6 million in Q4 2025 per RACE's latest filing, from $447.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $479.6 million in Q4 2025 and troughed at $291.0 million in Q3 2022.
- A 5-year average of $368.9 million and a median of $371.8 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses dropped 11.17% in 2022, then rose 27.03% in 2023.
- A 5-year view of Operating Expenses shows it stood at $390.9 million in 2021, then dropped by 11.17% to $347.3 million in 2022, then increased by 14.64% to $398.1 million in 2023, then increased by 8.71% to $432.8 million in 2024, then grew by 10.81% to $479.6 million in 2025.
- Business Quant data shows RACE's Operating Expenses at $479.6 million in Q4 2025, $447.2 million in Q3 2025, and $435.8 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,297.09 Bn | 1,252.41 Bn | 4.72 Bn | 3.78 Bn |
| 2 | Toyota Motor | 440.56 Bn | 289.71 Bn | 39.87 Bn | 76.70 Bn |
| 3 | Ferrari | 75.26 Bn | 73.46 Bn | 1.09 Bn | 479.59 Mn |
| 4 | General Motors | 72.40 Bn | 50.02 Bn | 4.32 Bn | 40.70 Bn |
| 5 | Ford Motor | 56.05 Bn | 25.60 Bn | 7.94 Bn | 40.92 Bn |
| 6 | Rivian Automotive | 20.65 Bn | 15.84 Bn | 119.00 Mn | 1.00 Bn |
| 7 | China Yuchai International | 14.25 Bn | 13.19 Bn | 317.01 Mn | -282.20 Mn |
| 8 | VinFast Auto | 7.11 Bn | 10.11 Bn | -15,731.99 Bn | -11,212.24 Bn |
| 9 | Digital Currency X Technology | 4.89 Bn | 4.89 Bn | - | - |
| 10 | Xpeng | 4.49 Bn | 1.59 Bn | 388.90 Mn | -660.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 479.59 Mn |
| Sep 30, 2025 | 447.17 Mn |
| Jun 30, 2025 | 435.77 Mn |
| Mar 31, 2025 | 401.60 Mn |
| Dec 31, 2024 | 432.78 Mn |
| Sep 30, 2024 | 381.54 Mn |
| Jun 30, 2024 | 373.94 Mn |
| Mar 31, 2024 | 385.63 Mn |
| Dec 31, 2023 | 398.10 Mn |
| Sep 30, 2023 | 369.62 Mn |
| Jun 30, 2023 | 334.56 Mn |
| Mar 31, 2023 | 352.23 Mn |
| Dec 31, 2022 | 347.26 Mn |
| Sep 30, 2022 | 290.97 Mn |
| Jun 30, 2022 | 306.41 Mn |
| Mar 31, 2022 | 322.59 Mn |
| Dec 31, 2021 | 390.93 Mn |
| Sep 30, 2021 | 298.58 Mn |
| Jun 30, 2021 | 314.00 Mn |
| Mar 31, 2021 | 314.20 Mn |