Star Bulk Carriers (SBLK) Cost of Revenue (2009 - 2025)

Star Bulk Carriers' (SBLK) quarterly Cost of Revenue came in at -$193.2 million in Q4 2025, down 365.61% year-on-year from $72.8 million in Q4 2024, and down 385.2% on a QoQ basis from $67.8 million in Q3 2025.

Star Bulk Carriers (SBLK) Cost of Revenue (2009 - 2025) Analysis & Trends

Star Bulk Carriers (SBLK) has 17 years of Cost of Revenue data on file, last reported at -$193.2 million in Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 365.61% year-over-year to -$193.2 million in Q4 2025; TTM through Dec 2025 was $10.4 million, a 97.7% decrease from a year earlier, with the FY2025 full-year figure at $10.4 million, down 19.92% from the prior year.
  • Cost of Revenue for Q4 2025 stood at -$193.2 million, down from $67.8 million in the prior quarter.
  • Over the last five years, Cost of Revenue for SBLK reached as high as $202.2 million in Q3 2024 and fell as low as -$193.2 million in Q4 2025.
  • Historically, Cost of Revenue has averaged $54.9 million across 5 years, with a median of $56.5 million in 2023.
  • Across the five-year window, Cost of Revenue jumped 268.22% in 2024 and tumbled 365.61% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $54.2 million in 2021, then declined by 2.92% to $52.6 million in 2022, then climbed by 2.8% to $54.1 million in 2023, then soared by 34.48% to $72.8 million in 2024, then plunged by 365.61% to -$193.2 million in 2025.
  • Per Business Quant data, the three most recent Cost of Revenue figures were -$193.2 million in Q4 2025, $67.8 million in Q3 2025, and $68.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 ZIM Integrated Shipping Services 2,964,341.97 Bn 2,964,341.05 Bn 57.20 Mn 1.03 Bn
2 Danaos 2,542.12 Bn 2,541.24 Bn 203.71 Mn 49.98 Mn
3 Sfl 1,584.69 Bn 1,584.53 Bn 66.27 Mn 67.58 Mn
4 Capital Clean Energy Carriers 1,419.00 Bn 1,418.46 Bn 95.52 Mn 2.49 Mn
5 Globus Maritime 59.97 Bn 59.95 Bn 8,083.00 4,165.00
6 Kirby 8.07 Bn 7.99 Bn 291.34 Mn 560.44 Mn
7 Matson 6.26 Bn 6.16 Bn - -
8 Hafnia 3.73 Bn 3.62 Bn 152.41 Mn 72.13 Mn
9 Intercont (Cayman) 3.56 Bn 3.56 Bn - -
10 Star Bulk Carriers 3.12 Bn 2.63 Bn 493.84 Mn -193.25 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -193.25 Mn
Dec 31, 2025 -193.25 Mn
Sep 30, 2025 67.76 Mn
Sep 30, 2025 67.76 Mn
Jun 30, 2025 67.96 Mn
Jun 30, 2025 67.96 Mn
Mar 31, 2025 67.94 Mn
Mar 31, 2025 67.94 Mn
Dec 31, 2024 72.76 Mn
Dec 31, 2024 72.76 Mn
Sep 30, 2024 202.24 Mn
Sep 30, 2024 202.24 Mn
Jun 30, 2024 126.70 Mn
Jun 30, 2024 126.70 Mn
Mar 31, 2024 51.17 Mn
Mar 31, 2024 51.17 Mn
Dec 31, 2023 54.10 Mn
Dec 31, 2023 54.10 Mn
Sep 30, 2023 54.92 Mn
Sep 30, 2023 54.92 Mn