Afya (AFYA) Operating Expenses (2018 - 2026)
Afya (AFYA) posted Operating Expenses of -$54.7 million for Q1 2026, down 115.18% sequentially from $359.9 million in Q4 2025, and down 13.77% YoY from -$63.4 million in Q1 2025.
Afya (AFYA) Operating Expenses (2018 - 2026) Analysis & Trends
Afya has reported Operating Expenses for 9 years, with the latest figure at -$54.7 million in Q1 2026.
- Quarterly Operating Expenses fell 13.77% year-over-year to -$54.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $101.7 million (up 122.46% YoY) and the FY2025 annual result came in at -$445.0 million, down 4.37% from the prior year.
- Operating Expenses fell to -$54.7 million in Q1 2026 per AFYA's latest filing, from $359.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $359.9 million in Q4 2025 and troughed at -$189.9 million in Q4 2023.
- A 5-year average of -$59.2 million and a median of -$51.7 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 154.54% in 2024, then jumped 307.43% in 2025.
- Over 5 years, Operating Expenses stood at -$151.7 million in 2022, then decreased by 25.17% to -$189.9 million in 2023, then rose by 8.63% to -$173.5 million in 2024, then surged by 307.43% to $359.9 million in 2025, then tumbled by 115.18% to -$54.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$54.7 million, $359.9 million, and -$151.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Afya | 1.22 Bn | 969.53 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 | -48.04 Mn |
| Dec 31, 2024 | -173.52 Mn |
| Sep 30, 2024 | -134.06 Mn |
| Jun 30, 2024 | -97.11 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 |