Afya (AFYA) Operating Expenses (2018 - 2026)
Afya's (AFYA) quarterly Operating Expenses came in at -$54.7 million in Q1 2026, down 20.88% year-on-year from -$69.1 million in Q1 2025, and down 115.18% quarter-over-quarter from $359.9 million in Q4 2025.
Afya (AFYA) Operating Expenses (2018 - 2026) Analysis & Trends
Afya has disclosed Operating Expenses across 9 years of filings, most recently posting -$54.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at -$54.7 million, down 20.88% year-over-year; the trailing twelve-month figure through Mar 2026 was $101.7 million (up 131.99% YoY), and the FY2025 annual result was -$460.8 million, down 17.19% from the prior year.
- Operating Expenses came in at -$54.7 million for Q1 2026 at Afya, down from $359.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $359.9 million in Q4 2025 to a low of -$189.9 million in Q4 2023.
- The 5-year median for Operating Expenses is -$50.4 million (2023), against an average of -$51.3 million.
- Peak annual rise in Operating Expenses reached 307.43% in 2025, while the deepest fall reached 213.7% in 2025.
- Afya's Operating Expenses stood at -$151.7 million in 2022, then fell by 25.17% to -$189.9 million in 2023, then grew by 8.63% to -$173.5 million in 2024, then soared by 307.43% to $359.9 million in 2025, then tumbled by 115.18% to -$54.7 million in 2026.
- The last three Operating Expenses figures came in at -$54.7 million (Q1 2026), $359.9 million (Q4 2025), and -$151.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.64 Bn | 7.60 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.92 Bn | 3.91 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.86 Bn | 4.70 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Covista | 4.36 Bn | 4.35 Bn | 276.31 Mn | 395.69 Mn |
| 5 | Stride | 4.16 Bn | 3.36 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Grand Canyon Education | 3.97 Bn | 3.72 Bn | 244.77 Mn | 213.30 Mn |
| 7 | Universal Technical Institute | 2.35 Bn | 2.19 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 158.62 Mn |
| 9 | Strategic Education | 1.76 Bn | 1.60 Bn | - | 154.77 Mn |
| 10 | Afya | 46.97 Mn | -152.38 Mn | 132.64 Mn | -54.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -54.66 Mn |
| Dec 31, 2025 | 359.94 Mn |
| Sep 30, 2025 | -151.87 Mn |
| Jun 30, 2025 | -51.73 Mn |
| Mar 31, 2025 | -45.21 Mn |
| Dec 31, 2024 | -173.52 Mn |
| Sep 30, 2024 | -48.41 Mn |
| Jun 30, 2024 | -50.73 Mn |
| Mar 31, 2024 | -48.77 Mn |
| Dec 31, 2023 | -189.90 Mn |
| Sep 30, 2023 | -52.67 Mn |
| Jun 30, 2023 | -50.40 Mn |
| Mar 31, 2023 | -44.91 Mn |
| Dec 31, 2022 | -151.72 Mn |
| Sep 30, 2022 | -40.22 Mn |
| Jun 30, 2022 | -42.33 Mn |
| Mar 31, 2022 | -34.16 Mn |
| Dec 31, 2021 | -111.62 Mn |
| Sep 30, 2021 | -34.28 Mn |
| Jun 30, 2021 | -25.31 Mn |