Aquestive Therapeutics (AQST) Operating Expenses (2017 - 2026)
Aquestive Therapeutics (AQST) recorded quarterly Operating Expenses of $18.6 million in Q1 2026, down 55.44% quarter-over-quarter from $41.9 million in Q4 2025, and down 33.59% on a YoY basis from $28.1 million in Q1 2025.
Aquestive Therapeutics (AQST) Operating Expenses (2017 - 2026) Analysis & Trends
Aquestive Therapeutics' Operating Expenses history runs 10 years deep, the most recent figure standing at $18.6 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 33.59% year-over-year to $18.6 million; the TTM figure through Mar 2026 stood at $106.2 million (up 11.27% YoY), while the FY2025 annual figure was $115.6 million, up 30.87% from the prior year.
- Operating Expenses was $18.6 million for Q1 2026 at Aquestive Therapeutics, down from $41.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $41.9 million in Q4 2025 to a low of $15.4 million in Q3 2023.
- Historically, Operating Expenses has averaged $22.2 million across 5 years, with a median of $21.4 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses soared 64.48% in 2025, then tumbled 33.59% in 2026.
- A 5-year view of Operating Expenses shows it stood at $21.4 million in 2022, then decreased by 20.0% to $17.1 million in 2023, then surged by 48.66% to $25.4 million in 2024, then jumped by 64.48% to $41.9 million in 2025, then sank by 55.44% to $18.6 million in 2026.
- The last three Operating Expenses figures came in at $18.6 million (Q1 2026), $41.9 million (Q4 2025), and $24.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 526.00 Mn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 788.00 Mn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 455.70 Mn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 19.40 Mn |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 621.10 Mn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 478.00 Mn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | 441.19 Mn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | 475.11 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 96.91 Mn |
| 10 | Aquestive Therapeutics | 488.60 Mn | 377.87 Mn | 10.98 Mn | 18.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.65 Mn |
| Dec 31, 2025 | 41.85 Mn |
| Sep 30, 2025 | 24.29 Mn |
| Jun 30, 2025 | 21.37 Mn |
| Mar 31, 2025 | 28.09 Mn |
| Dec 31, 2024 | 25.45 Mn |
| Sep 30, 2024 | 21.83 Mn |
| Jun 30, 2024 | 20.04 Mn |
| Mar 31, 2024 | 21.01 Mn |
| Dec 31, 2023 | 17.12 Mn |
| Sep 30, 2023 | 15.38 Mn |
| Jun 30, 2023 | 17.45 Mn |
| Mar 31, 2023 | 15.74 Mn |
| Dec 31, 2022 | 21.40 Mn |
| Sep 30, 2022 | 20.32 Mn |
| Jun 30, 2022 | 26.03 Mn |
| Mar 31, 2022 | 22.01 Mn |
| Dec 31, 2021 | 22.75 Mn |
| Sep 30, 2021 | 21.26 Mn |
| Jun 30, 2021 | 21.86 Mn |