Star Bulk Carriers (SBLK) Operating Expenses (2009 - 2025)

Star Bulk Carriers' (SBLK) quarterly Operating Expenses came in at -$412.6 million in Q4 2025, down 362.52% year-on-year from $157.2 million in Q4 2024, and down 277.83% on a QoQ basis 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 -$412.6 million in Q4 2025.

  • On a quarterly basis, Operating Expenses fell 362.52% year-over-year to -$412.6 million in Q4 2025; TTM through Dec 2025 was $269.2 million, a 75.58% decrease from a year earlier, with the FY2025 full-year figure at $269.2 million, down 2.12% from the prior year.
  • Operating Expenses for Q4 2025 stood at -$412.6 million, down from $232.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for SBLK reached as high as $635.8 million in Q3 2024 and fell as low as -$412.6 million in Q4 2025.
  • Historically, Operating Expenses has averaged $110.1 million across 5 years, with a median of $169.7 million in 2021.
  • Across the five-year window, Operating Expenses slumped 676.45% in 2022 and jumped 295.72% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at -$50.9 million in 2021, then slumped by 676.45% to -$394.9 million in 2022, then rose by 27.77% to -$285.3 million in 2023, then surged by 68.73% to -$89.2 million in 2024, then tumbled by 362.52% to -$412.6 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$412.6 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 ZIM Integrated Shipping Services 3,084,216.90 Bn 3,084,215.99 Bn 57.20 Mn -403.80 Mn
2 Danaos 37,407.52 Bn 37,406.64 Bn 203.71 Mn -15.99 Mn
3 Sfl 1,574.06 Bn 1,573.91 Bn 66.27 Mn 129.63 Mn
4 Capital Clean Energy Carriers 37.96 Bn 37.42 Bn 95.52 Mn 3.47 Mn
5 Kirby 9.76 Bn 9.69 Bn 291.34 Mn 722.10 Mn
6 Matson 6.49 Bn 6.39 Bn - 623.90 Mn
7 C3is 5.03 Bn 5.03 Bn 10.51 Mn 6.31 Mn
8 Hafnia 3.79 Bn 3.79 Bn 152.41 Mn -49.23 Mn
9 Intercont (Cayman) 3.29 Bn 3.29 Bn - -
10 Star Bulk Carriers 3.08 Bn 2.59 Bn 493.84 Mn -412.62 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -412.62 Mn
Sep 30, 2025 232.03 Mn
Jun 30, 2025 234.17 Mn
Mar 31, 2025 215.58 Mn
Dec 31, 2024 -89.21 Mn
Sep 30, 2024 635.77 Mn
Jun 30, 2024 390.43 Mn
Mar 31, 2024 165.02 Mn
Dec 31, 2023 -285.26 Mn
Sep 30, 2023 160.66 Mn
Jun 30, 2023 246.32 Mn
Mar 31, 2023 99.61 Mn
Dec 31, 2022 -394.93 Mn
Sep 30, 2022 240.00 Mn
Jun 30, 2022 204.90 Mn
Mar 31, 2022 178.64 Mn
Dec 31, 2021 -50.86 Mn
Jun 30, 2021 169.70 Mn
Mar 31, 2021 152.04 Mn
Dec 31, 2020 -48.57 Mn