Sfl (SFL) Operating Expenses (2009 - 2026)
Sfl (SFL) posted quarterly Operating Expenses of $129.6 million for Q1 2026, down 26.38% year-over-year from $176.1 million in Q1 2025, and up 198.21% quarter-over-quarter from -$132.0 million in Q4 2025.
Sfl (SFL) Operating Expenses (2009 - 2026) Analysis & Trends
Sfl (SFL) has reported Operating Expenses for 18 consecutive years, with $129.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 26.38% year-over-year to $129.6 million; the TTM figure through Mar 2026 stood at -$283.5 million (changed 0.03% YoY), while the FY2025 annual figure was $589.2 million, down 2.3% from the prior year.
- Operating Expenses rose to $129.6 million in Q1 2026 per SFL's latest filing, from -$132.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $176.1 million in Q1 2025 and bottomed at -$169.6 million in Q4 2024.
- Historically, Operating Expenses has averaged -$64.4 million across 5 years, with a median of -$123.4 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 238.77% — and 2023, when it jumped 243.33%.
- Sfl's Operating Expenses stood at -$123.4 million in 2022, then declined by 10.63% to -$136.6 million in 2023, then dropped by 24.2% to -$169.6 million in 2024, then gained by 22.18% to -$132.0 million in 2025, then jumped by 198.21% to $129.6 million in 2026.
- Business Quant data shows SFL's Operating Expenses at $129.6 million in Q1 2026, -$132.0 million in Q4 2025, and -$129.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 129.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 129.63 Mn |
| Dec 31, 2025 | -131.99 Mn |
| Sep 30, 2025 | -129.77 Mn |
| Jun 30, 2025 | -151.35 Mn |
| Mar 31, 2025 | 176.08 Mn |
| Dec 31, 2024 | -169.62 Mn |
| Sep 30, 2024 | -161.18 Mn |
| Jun 30, 2024 | -128.69 Mn |
| Mar 31, 2024 | 143.57 Mn |
| Dec 31, 2023 | -136.56 Mn |
| Sep 30, 2023 | -141.70 Mn |
| Jun 30, 2023 | -119.13 Mn |
| Mar 31, 2023 | 133.39 Mn |
| Dec 31, 2022 | -123.44 Mn |
| Sep 30, 2022 | -101.43 Mn |
| Jun 30, 2022 | -90.22 Mn |
| Mar 31, 2022 | -93.06 Mn |
| Dec 31, 2021 | -88.56 Mn |
| Sep 30, 2021 | -80.76 Mn |
| Jun 30, 2021 | -73.58 Mn |