Vulcan Infrastructure & Power (VIP) Operating Expenses (2020 - 2026)
Vulcan Infrastructure & Power (VIP) recorded Operating Expenses of $13.03 million in Q2 2026, down 19.9% from $16.26 million a year earlier and down 48.7% from the prior quarter.
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Analysis
Vulcan Infrastructure & Power (VIP) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Vulcan Infrastructure & Power's Operating Expenses came in at $63.1 million as of Jun 30, 2026, down 11.1% year-over-year; for FY2025, it was $62.57 million, down 11.8% from FY2024.
- Annual Operating Expenses has declined for three straight years, though with a five-year compound annual growth rate of 22.4% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $70.98 million in FY2024 (-18.7%), $87.28 million in FY2023 (-73.0%), $323.14 million in FY2022 (+400.7%) and $64.54 million in FY2021 (+183.8%).
- Quarterly Operating Expenses has ranged from -$3.15 million in Q4 2021 to $145.06 million in Q4 2022 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last eight quarters, with an average decline of 10.7%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 906.6% in Q2 2022, against a decline of 90.3% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $25.39 million (Q1 2026), $9.77 million (Q4 2025) and $14.92 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 12.28 Bn |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 7.29 Bn |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | 705.21 Mn |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 1.96 Bn |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | 758.20 Mn |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | 2.62 Bn |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 138.30 Mn |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 581.36 Mn |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 1.02 Bn |
| 10 | Vulcan Infrastructure & Power | 29.01 Mn | -8.39 Mn | -4.78 Mn | 13.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.03 Mn |
| Mar 31, 2026 | 25.39 Mn |
| Dec 31, 2025 | 9.77 Mn |
| Sep 30, 2025 | 14.92 Mn |
| Jun 30, 2025 | 16.26 Mn |
| Mar 31, 2025 | 21.63 Mn |
| Dec 31, 2024 | 16.10 Mn |
| Sep 30, 2024 | 17.00 Mn |
| Jun 30, 2024 | 16.82 Mn |
| Mar 31, 2024 | 21.06 Mn |
| Dec 31, 2023 | 14.11 Mn |
| Sep 30, 2023 | 31.00 Mn |
| Jun 30, 2023 | 21.35 Mn |
| Mar 31, 2023 | 20.82 Mn |
| Dec 31, 2022 | 145.06 Mn |
| Sep 30, 2022 | 40.49 Mn |
| Jun 30, 2022 | 109.64 Mn |
| Mar 31, 2022 | 27.94 Mn |
| Dec 31, 2021 | -3.15 Mn |
| Sep 30, 2021 | 47.62 Mn |
API Access
Vulcan Infrastructure & Power Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VIP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VIP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VIP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();