Armada Acquisition (XRPN) Operating Expenses (2025 - 2026)
Armada Acquisition's Operating Expenses was $503,862 in Q3 2026, up 426.0% from $95,799 a year earlier but down 48.3% from the prior quarter.
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Analysis
Armada Acquisition (XRPN) Operating Expenses (2025 - 2026) Analysis & Trends
On a trailing twelve-month basis, Armada Acquisition's Operating Expenses was $5.95 million through Jun 30, 2026; for FY2025, it came in at $1.71 million.
- Quarterly Operating Expenses has moved between $706.00 (Q2 2025) and $2.91 million (Q1 2026) over five years.
- Per Business Quant data, XRPN's Operating Expenses in the three quarters before Q3 2026 was $973,748 (Q2 2026), $2.91 million (Q1 2026) and $1.56 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | 734.00 Mn |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 3.44 Bn |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 599.10 Mn |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 1.28 Bn |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 788.00 Mn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | 2.66 Bn |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 440.00 Mn |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 1.64 Bn |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 255.60 Mn |
| 10 | Armada Acquisition | 377.20 Mn | 376.41 Mn | - | 503,862.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 503,862.00 |
| Mar 31, 2026 | 973,748.00 |
| Dec 31, 2025 | 2.91 Mn |
| Sep 30, 2025 | 1.56 Mn |
| Jun 30, 2025 | 95,799.00 |
| Mar 31, 2025 | 706.00 |
API Access
Armada Acquisition 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=XRPN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "XRPN", "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=XRPN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();