Star Bulk Carriers (SBLK) Cost of Revenue (2009 - 2025)
Star Bulk Carriers (SBLK) reported Cost of Revenue of -$70.6 million for Q4 2025, down 197.08% year-over-year from $72.8 million in Q4 2024, and down 204.24% quarter-over-quarter 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 -$70.6 million in Q4 2025.
- Cost of Revenue for Q4 2025 came in at -$70.6 million, down 197.08% year-over-year; the trailing twelve-month figure through Dec 2025 was $133.0 million (down 51.63% YoY), and the FY2025 annual result was $133.0 million, down 21.58% from the prior year.
- Cost of Revenue slipped to -$70.6 million in Q4 2025 per SBLK's latest filing, from $67.8 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $75.5 million in Q3 2024 and troughed at -$70.6 million in Q4 2025.
- A 5-year average of $52.0 million and a median of $56.5 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue jumped 63.71% in 2024, then slumped 197.08% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $54.2 million in 2021, then decreased by 2.92% to $52.6 million in 2022, then rose by 2.8% to $54.1 million in 2023, then soared by 34.48% to $72.8 million in 2024, then tumbled by 197.08% to -$70.6 million in 2025.
- Business Quant data shows SBLK's Cost of Revenue at -$70.6 million in Q4 2025, $67.8 million in Q3 2025, and $68.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 2.46 Mn |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 560.44 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | - |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 72.13 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | -70.64 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 1.03 Bn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | - |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 95.00 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Capital Clean Energy Carriers | 1.33 Bn | 792.93 Mn | 78.44 Mn | 19.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -70.64 Mn |
| Dec 31, 2025 | -70.64 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 | 75.54 Mn |
| Sep 30, 2024 | 75.54 Mn |
| Jun 30, 2024 | 75.53 Mn |
| Jun 30, 2024 | 75.53 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 |