Star Bulk Carriers (SBLK) Operating Expenses (2009 - 2025)
Star Bulk Carriers (SBLK) reported Operating Expenses of $223.8 million for Q4 2025, up 595.49% year-over-year from $32.2 million in Q4 2024, and down 3.53% quarter-over-quarter from $232.0 million in Q3 2025.
Star Bulk Carriers (SBLK) Operating Expenses (2009 - 2025) Analysis & Trends
Star Bulk Carriers (SBLK) has 17 years of Operating Expenses data on file, last reported at $223.8 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $223.8 million, up 595.49% year-over-year; the trailing twelve-month figure through Dec 2025 was $905.6 million (down 20.98% YoY), and the FY2025 annual result was $905.6 million, up 229.33% from the prior year.
- Operating Expenses retreated to $223.8 million in Q4 2025 per SBLK's latest filing, from $232.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $635.8 million in Q3 2024 and troughed at -$45.2 million in Q4 2024.
- A 5-year average of $205.5 million and a median of $204.9 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 2314.25% in 2022, then tumbled 122.12% in 2024.
- A 5-year view of Operating Expenses shows it stood at -$9.3 million in 2021, then jumped by 2314.25% to $206.0 million in 2022, then dropped by 0.87% to $204.2 million in 2023, then plunged by 122.12% to -$45.2 million in 2024, then surged by 595.49% to $223.8 million in 2025.
- Business Quant data shows SBLK's Operating Expenses at $223.8 million in Q4 2025, $232.0 million in Q3 2025, and $234.2 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 6.31 Mn |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 722.10 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | 696.40 Mn |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | -24.49 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 223.85 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | -403.80 Mn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | -42.16 Mn |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | -23.83 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | 8.85 Mn |
| 10 | Capital Clean Energy Carriers | 1.33 Bn | 792.93 Mn | 78.44 Mn | 3.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 223.85 Mn |
| Sep 30, 2025 | 232.03 Mn |
| Jun 30, 2025 | 234.17 Mn |
| Mar 31, 2025 | 215.58 Mn |
| Dec 31, 2024 | -45.18 Mn |
| Sep 30, 2024 | 635.77 Mn |
| Jun 30, 2024 | 390.43 Mn |
| Mar 31, 2024 | 165.02 Mn |
| Dec 31, 2023 | 204.23 Mn |
| Sep 30, 2023 | 160.66 Mn |
| Jun 30, 2023 | 246.32 Mn |
| Mar 31, 2023 | 99.61 Mn |
| Dec 31, 2022 | 206.01 Mn |
| Sep 30, 2022 | 240.00 Mn |
| Jun 30, 2022 | 204.90 Mn |
| Mar 31, 2022 | 178.64 Mn |
| Dec 31, 2021 | -9.30 Mn |
| Jun 30, 2021 | 169.70 Mn |
| Mar 31, 2021 | 152.04 Mn |
| Dec 31, 2020 | -7.57 Mn |