United Maritime (USEA) Operating Expenses (2022 - 2026)
United Maritime's (USEA) quarterly Operating Expenses came in at -$3.3 million in Q2 2026, down 77.35% year-over-year from -$14.6 million in Q2 2025, and down 13.65% quarter-over-quarter from -$2.9 million in Q1 2026.
Analysis
United Maritime (USEA) Operating Expenses (2022 - 2026) Analysis & Trends
United Maritime (USEA) has reported Operating Expenses for 5 consecutive years, with -$3.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 77.35% year-over-year to -$3.3 million in Q2 2026; TTM through Jun 2026 was -$12.9 million, a 17.06% increase from a year earlier, with the FY2025 full-year figure at -$12.1 million, up 11.63% from the prior year.
- Operating Expenses was -$3.3 million for Q2 2026 at United Maritime, down from -$2.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$1.4 million in Q3 2022 and troughed at -$7.4 million in Q4 2022.
- A 5-year average of -$3.7 million and a median of -$3.6 million in 2024 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 47.66% in 2023, down 231.41% in 2023.
- Over 5 years, Operating Expenses stood at -$7.4 million in 2022, then jumped by 47.66% to -$3.9 million in 2023, then dropped by 14.74% to -$4.5 million in 2024, then gained by 17.56% to -$3.7 million in 2025, then rose by 10.33% to -$3.3 million in 2026.
- The last three Operating Expenses figures came in at -$3.3 million (Q2 2026), -$2.9 million (Q1 2026), and -$3.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | -10.41 Mn |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | -419.60 Mn |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 202.38 Mn |
| 10 | United Maritime | 26.24 Mn | 26.24 Mn | 6.51 Mn | -3.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.30 Mn |
| Mar 31, 2026 | -2.90 Mn |
| Dec 31, 2025 | -3.68 Mn |
| Sep 30, 2025 | -3.01 Mn |
| Jun 30, 2025 | -1.86 Mn |
| Mar 31, 2025 | -3.96 Mn |
| Dec 31, 2024 | -4.46 Mn |
| Sep 30, 2024 | -5.26 Mn |
| Jun 30, 2024 | -2.62 Mn |
| Mar 31, 2024 | -3.59 Mn |
| Dec 31, 2023 | -3.89 Mn |
| Sep 30, 2023 | -4.60 Mn |
| Jun 30, 2023 | -3.85 Mn |
| Mar 31, 2023 | -3.05 Mn |
| Dec 31, 2022 | -7.43 Mn |
| Sep 30, 2022 | -1.39 Mn |