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| Date | Value |
|---|---|
| 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 |