Aardvark Therapeutics (AARD) Operating Expenses (2024 - 2026)
Aardvark Therapeutics (AARD) posted Operating Expenses of $15.08 million for Q2 2026, down 4.8% from $15.85 million a year earlier and down 32.9% from the prior quarter.
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Analysis
Aardvark Therapeutics (AARD) Operating Expenses (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Aardvark Therapeutics was $73.96 million, up 81.0% year-over-year; for FY2025, it was $62.73 million, up 175.3% from FY2024.
- In prior years, Aardvark Therapeutics' Operating Expenses was $22.79 million in FY2024.
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q1 2025.
- On a year-over-year basis, Operating Expenses increased in five of the last six quarters, with growth averaging 166.4%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $22.46 million (Q1 2026), $18.7 million (Q4 2025) and $17.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,264.65 Bn | 1,238.27 Bn | 20.46 Bn | 7.68 Bn |
| 2 | Johnson & Johnson | 677.74 Bn | 597.60 Bn | 17.30 Bn | 11.12 Bn |
| 3 | AbbVie | 517.10 Bn | 485.11 Bn | 13.12 Bn | 11.14 Bn |
| 4 | Merck | 362.23 Bn | 325.17 Bn | 13.19 Bn | 7.61 Bn |
| 5 | Novartis Ag | 315.90 Bn | 276.16 Bn | 11.24 Bn | 6.09 Bn |
| 6 | Astrazeneca | 289.40 Bn | 266.24 Bn | 12.86 Bn | 9.70 Bn |
| 7 | Amgen | 249.90 Bn | 201.56 Bn | 7.58 Bn | 6.66 Bn |
| 8 | Gilead Sciences | 209.15 Bn | 184.26 Bn | 6.73 Bn | 4.84 Bn |
| 9 | Pfizer | 165.88 Bn | 113.23 Bn | 12.56 Bn | 7.09 Bn |
| 10 | Aardvark Therapeutics | 30.58 Mn | -43.32 Mn | - | 15.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.08 Mn |
| Mar 31, 2026 | 22.46 Mn |
| Dec 31, 2025 | 18.70 Mn |
| Sep 30, 2025 | 17.70 Mn |
| Jun 30, 2025 | 15.85 Mn |
| Mar 31, 2025 | 10.47 Mn |
| Dec 31, 2024 | 9.45 Mn |
| Sep 30, 2024 | 5.09 Mn |
| Jun 30, 2024 | 6.07 Mn |
| Mar 31, 2024 | 2.17 Mn |
API Access
Aardvark Therapeutics 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=AARD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AARD", "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=AARD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();