Aquestive Therapeutics (AQST) Operating Expenses (2017 - 2026)
Aquestive Therapeutics' (AQST) quarterly Operating Expenses came in at $18.6 million in Q1 2026, down 33.59% year-on-year from $28.1 million in Q1 2025, and down 55.44% quarter-over-quarter from $41.9 million in Q4 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.
- On a quarterly basis, Operating Expenses fell 33.59% year-over-year to $18.6 million in Q1 2026; TTM through Mar 2026 was $106.2 million, a 11.27% increase from a year earlier, with the FY2025 full-year figure at $115.6 million, up 30.87% from the prior year.
- Operating Expenses retreated to $18.6 million in Q1 2026 per AQST's latest filing, from $41.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $41.9 million in Q4 2025 and bottomed at $15.4 million in Q3 2023.
- The 5-year median for Operating Expenses is $21.4 million (2025), against an average of $22.2 million.
- Across the five-year window, Operating Expenses surged 64.48% in 2025 and tumbled 33.59% in 2026, its largest moves.
- Year by year, Operating Expenses 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 tumbled by 55.44% to $18.6 million in 2026.
- Per Business Quant, the three latest AQST Operating Expenses figures stand at $18.6 million (Q1 2026), $41.9 million (Q4 2025), and $24.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 1.00 Bn |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 788.00 Mn |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | 12.58 Bn |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 455.70 Mn |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 1.24 Bn |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 621.10 Mn |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 494.00 Mn |
| 10 | Aquestive Therapeutics | 462.24 Mn | 462.24 Mn | 13.47 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 |