United Maritime (USEA) Operating Expenses (2022 - 2026)

United Maritime (USEA) reported Operating Expenses of -$2.9 million for Q1 2026, up 26.65% year-over-year from -$2.3 million in Q1 2025, and up 21.1% quarter-over-quarter from -$3.7 million in Q4 2025.

United Maritime (USEA) Operating Expenses (2022 - 2026) Analysis & Trends

United Maritime (USEA) has 5 years of Operating Expenses data on file, last reported at -$2.9 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$2.9 million, up 26.65% year-over-year; the trailing twelve-month figure through Mar 2026 was -$13.5 million (up 24.18% YoY), and the FY2025 annual result was $12.1 million, down 11.63% from the prior year.
  • Operating Expenses grew to -$2.9 million in Q1 2026 per USEA's latest filing, from -$3.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$1.4 million in Q3 2022 and troughed at -$7.0 million in Q4 2022.
  • A 5-year average of -$3.9 million and a median of -$3.9 million in 2023 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 44.35% in 2023 and fell as far as 231.41% in 2023.
  • A 5-year view of Operating Expenses shows it stood at -$7.0 million in 2022, then jumped by 44.35% to -$3.9 million in 2023, then declined by 14.74% to -$4.5 million in 2024, then advanced by 17.56% to -$3.7 million in 2025, then rose by 21.1% to -$2.9 million in 2026.
  • Business Quant data shows USEA's Operating Expenses at -$2.9 million in Q1 2026, -$3.7 million in Q4 2025, and -$3.0 million in Q3 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 United Maritime 24.70 24.70 4.84 Mn -2.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.90 Mn
Dec 31, 2025 -3.68 Mn
Sep 30, 2025 -3.01 Mn
Jun 30, 2025 -3.92 Mn
Mar 31, 2025 -3.96 Mn
Dec 31, 2024 -4.46 Mn
Sep 30, 2024 -5.26 Mn
Jun 30, 2024 -4.14 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 -6.99 Mn
Sep 30, 2022 -1.39 Mn