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

Arcturus Therapeutics Holdings (ARCT) reported Operating Expenses of -$2.0 million for Q1 2026, up 28.47% on a YoY basis from -$1.5 million in Q1 2025, and up 98.49% quarter-over-quarter from -$130.3 million in Q4 2025.

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

Arcturus Therapeutics Holdings has reported Operating Expenses for 9 years, with the latest figure at -$2.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 28.47% year-over-year to -$2.0 million; the trailing twelve-month figure through Mar 2026 stood at -$101.0 million (up 37.18% YoY), and the FY2025 full-year result was -$10.5 million, up 28.86% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$2.0 million, up from -$130.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $68.4 million in Q1 2024, with the low at -$206.5 million in Q4 2024.
  • Historically, Operating Expenses has averaged $14.4 million across 5 years, with a median of $49.1 million in 2023.
  • Annual changes were most pronounced in 2024 — Operating Expenses tumbled 520.43% — and 2025, when it jumped 37.7%.
  • Arcturus Therapeutics Holdings' Operating Expenses stood at $38.8 million in 2022, then advanced by 26.48% to $49.1 million in 2023, then plunged by 520.43% to -$206.5 million in 2024, then jumped by 36.93% to -$130.3 million in 2025, then surged by 98.49% to -$2.0 million in 2026.
  • The last three Operating Expenses figures came in at -$2.0 million (Q1 2026), -$130.3 million (Q4 2025), and $33.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Arcturus Therapeutics Holdings 217.14 Mn 5.76 Mn - -1.97 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.97 Mn
Dec 31, 2025 -130.27 Mn
Sep 30, 2025 33.66 Mn
Jun 30, 2025 -2.44 Mn
Mar 31, 2025 -2.75 Mn
Dec 31, 2024 -206.55 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