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| Date | Value |
|---|---|
| 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 |