Arcturus Therapeutics Holdings ARCT
NASDAQ ARCT
$15.82 +0.26 (+1.67%)
As of: Sep 4, 2026 · 3:59 PM EDT

Arcturus Therapeutics Holdings (ARCT) Operating Expenses (2018 - 2026)

Arcturus Therapeutics Holdings' (ARCT) quarterly Operating Expenses came in at -$2.0 million in Q1 2026, down 104.26% YoY from $46.2 million in Q1 2025, and up 11.71% on a QoQ basis from -$2.2 million in Q4 2025.

Analysis

Arcturus Therapeutics Holdings (ARCT) Operating Expenses (2018 - 2026) Analysis & Trends

Arcturus Therapeutics Holdings (ARCT) has 9 years of Operating Expenses data on file, last reported at -$2.0 million in Q1 2026.

  • Quarterly Operating Expenses fell 104.26% year-over-year to -$2.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $32.7 million (down 90.78% YoY) and the FY2025 annual result came in at -$10.5 million, down 104.22% from the prior year.
  • Operating Expenses climbed to -$2.0 million in Q1 2026, from -$2.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $259.3 million in Q4 2024 to a low of -$3.9 million in Q2 2024.
  • A 5-year average of $52.6 million and a median of $49.2 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses tumbled 105.93% — and 2025, when it soared 1120.9%.
  • Tracing ARCT's Operating Expenses over 5 years: stood at $38.8 million in 2022, then advanced by 26.48% to $49.1 million in 2023, then surged by 427.85% to $259.3 million in 2024, then tumbled by 100.86% to -$2.2 million in 2025, then climbed by 11.71% to -$2.0 million in 2026.
  • The last three Operating Expenses figures came in at -$2.0 million (Q1 2026), -$2.2 million (Q4 2025), and -$3.1 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -1.05 Bn
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.33 Bn 44.33 Bn - 505.13 Mn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 541.02 Mn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 427.03 Mn
10 Arcturus Therapeutics Holdings 449.65 Mn 258.17 Mn - 28.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 28.50 Mn
Mar 31, 2026 30.99 Mn
Dec 31, 2025 38.50 Mn
Sep 30, 2025 33.66 Mn
Jun 30, 2025 39.92 Mn
Mar 31, 2025 46.21 Mn
Dec 31, 2024 56.16 Mn
Sep 30, 2024 52.41 Mn
Jun 30, 2024 70.99 Mn
Mar 31, 2024 68.42 Mn
Dec 31, 2023 49.13 Mn
Sep 30, 2023 64.45 Mn
Jun 30, 2023 65.89 Mn
Mar 31, 2023 65.53 Mn
Dec 31, 2022 38.84 Mn
Sep 30, 2022 50.18 Mn
Jun 30, 2022 49.18 Mn
Mar 31, 2022 55.62 Mn
Dec 31, 2021 43.44 Mn
Sep 30, 2021 56.26 Mn