Aquestive Therapeutics (AQST) Operating Expenses (2017 - 2026)
Aquestive Therapeutics (AQST) posted Operating Expenses of $22.0 million for Q2 2026, up 18.19% on a QoQ basis from $18.6 million in Q1 2026, and up 3.14% year-over-year from $21.4 million in Q2 2025.
Analysis
Aquestive Therapeutics (AQST) Operating Expenses (2017 - 2026) Analysis & Trends
Aquestive Therapeutics has reported Operating Expenses for 10 years, with the latest figure at $22.0 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 3.14% year-over-year to $22.0 million in Q2 2026; TTM through Jun 2026 was $106.8 million, a 10.44% increase from a year earlier, with the FY2025 full-year figure at $115.6 million, up 30.87% from the prior year.
- Operating Expenses was $22.0 million for Q2 2026 at Aquestive Therapeutics, up from $18.6 million in the prior quarter.
- The five-year high for Operating Expenses was $41.9 million in Q4 2025, with the low at $15.4 million in Q3 2023.
- Average Operating Expenses over 5 years is $22.2 million, with a median of $21.4 million recorded in 2022.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 64.48% in 2025, then slumped 33.59% in 2026.
- Over 5 years, Operating Expenses stood at $21.4 million in 2022, then slipped by 20.0% to $17.1 million in 2023, then soared by 48.66% to $25.4 million in 2024, then surged by 64.48% to $41.9 million in 2025, then slumped by 47.34% to $22.0 million in 2026.
- The last three Operating Expenses figures came in at $22.0 million (Q2 2026), $18.6 million (Q1 2026), and $41.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 643.50 Bn | 622.74 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 440.29 Bn | 433.72 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 364.93 Bn | 357.79 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 266.65 Bn | 258.96 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Pfizer | 158.92 Bn | 147.22 Bn | 10.94 Bn | 6.68 Bn |
| 6 | Sanofi | 52.46 Bn | 45.08 Bn | 10.79 Bn | -5.98 Bn |
| 7 | Revolution Medicines | 44.32 Bn | 44.32 Bn | - | 505.13 Mn |
| 8 | Incyte | 25.32 Bn | 20.78 Bn | 1.57 Bn | 976.14 Mn |
| 9 | United Therapeutics | 21.42 Bn | 18.75 Bn | 683.80 Mn | 452.50 Mn |
| 10 | Aquestive Therapeutics | 636.85 Mn | 538.36 Mn | 9.80 Mn | 22.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.04 Mn |
| 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 |