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
DateValue
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