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
DateValue
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