Armada Acquisition (XRPN) Operating Expenses (2024 - 2026)

Armada Acquisition (XRPN) reported Operating Expenses of $973748.0 for Q1 2026, up 137824.65% year-over-year from N/an in Q1 2025, and down 66.49% on a QoQ basis from $2.9 million in Q4 2025.

Armada Acquisition (XRPN) has 3 years of Operating Expenses data on file, last reported at $973748.0 in Q1 2026.

  • Quarterly Operating Expenses rose 137824.65% year-over-year to $973748.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.5 million (changed N/A YoY) and the FY2025 annual result came in at $1.7 million, changed N/A from the prior year.
  • Operating Expenses retreated to $973748.0 in Q1 2026 per XRPN's latest filing, from $2.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.9 million in Q4 2025 and bottomed at $706.0 in Q1 2025.
  • The 3-year median for Operating Expenses is $534773.5 (2025), against an average of $930930.0.
  • The widest annual swing landed in 2025, when Operating Expenses surged 6246.43%; it then jumped 137824.65% in 2026.
  • Tracing XRPN's Operating Expenses over 3 years: stood at $45784.0 in 2024, then surged by 6246.43% to $2.9 million in 2025, then sank by 66.49% to $973748.0 in 2026.
  • Per Business Quant, the three latest XRPN Operating Expenses figures stand at $973748.0 (Q1 2026), $2.9 million (Q4 2025), and $1.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 EQV Ventures Acquisition 477.69 Mn 477.69 Mn - 427,850.00
2 Berto Acquisition 316.66 Mn 316.66 Mn - 482,100.00
3 Centurion Acquisition 311.94 Mn 311.94 Mn - 201,744.00
4 Churchill Capital Corp IX 311.36 Mn 311.36 Mn - 1.15 Mn
5 Agriculture & Natural Solutions Acquisition 301.94 Mn 301.94 Mn - 612,993.00
6 Siddhi Acquisition Corp (Cayman Islands) 286.76 Mn 286.76 Mn - 218,386.00
7 Bold Eagle Acquisition 276.06 Mn 276.06 Mn - 198,194.00
8 Cartesian Growth Corp III 270.68 Mn 270.68 Mn - 811,301.00
9 Oyster Enterprises II Acquisition 266.84 Mn 266.84 Mn - 168,092.00
10 Armada Acquisition 239.89 Mn 239.80 Mn - 973,748.00

Historic Data

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DateValue
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
Dec 31, 2024 45,784.00