Arcturus Therapeutics Holdings (ARCT) Operating Expenses (2018 - 2026)
Arcturus Therapeutics Holdings (ARCT) posted Operating Expenses of -$2.0 million for Q1 2026, up 11.71% on a QoQ basis from -$2.2 million in Q4 2025, and down 104.26% year-over-year from $46.2 million in Q1 2025.
Arcturus Therapeutics Holdings (ARCT) Operating Expenses (2018 - 2026) Analysis & Trends
Arcturus Therapeutics Holdings' Operating Expenses history runs 9 years deep, the most recent figure standing at -$2.0 million for 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 was -$2.0 million for Q1 2026 at Arcturus Therapeutics Holdings, up from -$2.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $259.3 million in Q4 2024 and bottomed at -$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 slumped 105.93% — and 2025, when it soared 1120.9%.
- Arcturus Therapeutics Holdings' Operating Expenses stood at $38.8 million in 2022, then grew by 26.48% to $49.1 million in 2023, then jumped by 427.85% to $259.3 million in 2024, then sank by 100.86% to -$2.2 million in 2025, then increased by 11.71% to -$2.0 million in 2026.
- Business Quant data shows ARCT's Operating Expenses at -$2.0 million in Q1 2026, -$2.2 million in Q4 2025, and -$3.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Arcturus Therapeutics Holdings | 164.57 Mn | -46.81 Mn | - | -1.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.97 Mn |
| Dec 31, 2025 | -2.23 Mn |
| Sep 30, 2025 | -3.06 Mn |
| Jun 30, 2025 | 39.92 Mn |
| Mar 31, 2025 | 46.21 Mn |
| Dec 31, 2024 | 259.32 Mn |
| Sep 30, 2024 | 52.41 Mn |
| Jun 30, 2024 | -3.91 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 |
| Jun 30, 2021 | 55.72 Mn |