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