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
DateValue
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