Torm annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Torm Operating Expenses Growth & History (TRMD)
Torm's operating expenses was $252.4M for fiscal 2025.
View full Torm company overviewTorm annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $252.4M | $7.3M | +2.98% |
| 2024 | 2024-12-31 | $245.1M | $29.1M | +13.47% |
| 2023 | 2023-12-31 | $216.0M | $13.9M | +6.88% |
| 2022 | 2022-12-31 | $202.1M | $11.6M | +6.11% |
| 2021 | 2021-12-31 | $190.5M | $12.1M | +6.78% |
| 2020 | 2020-12-31 | $178.4M | $5.4M | +3.12% |
| 2019 | 2019-12-31 | $173.0M | −$7.5M | −4.13% |
| 2018 | 2018-12-31 | $180.4M | −$7.9M | −4.21% |
| 2017 | 2017-12-31 | $188.4M | −$6.9M | −3.52% |
| 2016 | 2016-12-31 | $195.2M | $72.4M | +58.91% |
| 2015 | 2015-12-31 | $122.9M | — | — |
Torm quarterly operating expenses
Q3.17
Q2.18
Q3.18
Q2.19
Q3.20
Q2.21
Q3.21
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q2.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $90.5M | −$2.0M | −2.16% |
| Q4 2025 | 2025-12-31 | $98.6M | — | — |
| Q3 2025 | 2025-09-30 | $85.9M | — | — |
| Q2 2025 | 2025-06-30 | $64.3M | $1.6M | +2.55% |
| Q1 2025 | 2025-03-31 | $92.5M | — | — |
| Q2 2024 | 2024-06-30 | $62.7M | $7.9M | +14.42% |
| Q4 2023 | 2023-12-31 | $55.1M | $4.7M | +9.33% |
| Q3 2023 | 2023-09-30 | $54.2M | $2.9M | +5.65% |
| Q2 2023 | 2023-06-30 | $54.8M | $3.7M | +7.24% |
| Q1 2023 | 2023-03-31 | $51.9M | — | — |
| Q4 2022 | 2022-12-31 | $50.4M | — | — |
| Q3 2022 | 2022-09-30 | $51.3M | $2.4M | +4.91% |
| Q2 2022 | 2022-06-30 | $51.1M | $5.7M | +12.56% |
| Q3 2021 | 2021-09-30 | $48.9M | $1.8M | +3.82% |
| Q2 2021 | 2021-06-30 | $45.4M | — | — |
| Q3 2020 | 2020-09-30 | $47.1M | — | — |
| Q2 2019 | 2019-06-30 | $43.3M | −$3.8M | −8.07% |
| Q3 2018 | 2018-09-30 | $44.1M | −$2.6M | −5.57% |
| Q2 2018 | 2018-06-30 | $47.1M | — | — |
| Q3 2017 | 2017-09-30 | $46.7M | — | — |
Torm operating expenses trends
Over the last five fiscal years, Torm's operating expenses increased from $178.4M to $252.4M, a change of $74.0M. The latest reported quarter, Q1 2026, shows $90.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Torm source filings ↗