Armata Pharmaceuticals (ARMP) Operating Expenses (2013 - 2026)

Armata Pharmaceuticals' (ARMP) quarterly Operating Expenses came in at $9.6 million in Q1 2026, up 10.27% year-on-year from $8.7 million in Q1 2025, and down 35.78% quarter-over-quarter from $14.9 million in Q4 2025.

Armata Pharmaceuticals (ARMP) Operating Expenses (2013 - 2026) Analysis & Trends

Armata Pharmaceuticals has disclosed Operating Expenses across 14 years of filings, most recently posting $9.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $9.6 million, up 10.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $42.4 million (down 5.92% YoY), and the FY2025 annual result was $41.5 million, down 12.75% from the prior year.
  • Operating Expenses came in at $9.6 million for Q1 2026 at Armata Pharmaceuticals, down from $14.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $14.9 million in Q4 2025 to a low of $8.7 million in Q1 2025.
  • The 5-year median for Operating Expenses is $11.1 million (2023), against an average of $11.0 million.
  • Across the five-year window, Operating Expenses jumped 61.7% in 2022 and slipped 29.81% in 2025, its largest moves.
  • Armata Pharmaceuticals' Operating Expenses stood at $11.4 million in 2022, then fell by 2.39% to $11.1 million in 2023, then grew by 6.01% to $11.8 million in 2024, then climbed by 26.62% to $14.9 million in 2025, then sank by 35.78% to $9.6 million in 2026.
  • The last three Operating Expenses figures came in at $9.6 million (Q1 2026), $14.9 million (Q4 2025), and $8.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 814,307.08 Bn 814,307.05 Bn - 4.33 Mn
2 Belite Bio 55,320.00 Bn 55,320.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,149.72 Bn 17,149.72 Bn - 2.97 Mn
4 Legend Biotech 3,590.00 Bn 3,589.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,650.72 Bn 1,650.72 Bn - 15.76 Mn
6 Evaxion A 1,522.09 Bn 1,522.07 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.09 Bn 105.85 Bn 2.59 Bn 1.85 Bn
9 Abivax 90.15 Bn 90.15 Bn - -67.40 Mn
10 Armata Pharmaceuticals 275.44 Mn 270.68 Mn - 9.57 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.57 Mn
Dec 31, 2025 14.91 Mn
Sep 30, 2025 8.94 Mn
Jun 30, 2025 9.01 Mn
Mar 31, 2025 8.68 Mn
Dec 31, 2024 11.77 Mn
Sep 30, 2024 12.73 Mn
Jun 30, 2024 11.91 Mn
Mar 31, 2024 11.19 Mn
Dec 31, 2023 11.11 Mn
Sep 30, 2023 11.56 Mn
Jun 30, 2023 10.61 Mn
Mar 31, 2023 12.14 Mn
Dec 31, 2022 11.38 Mn
Sep 30, 2022 9.96 Mn
Jun 30, 2022 11.10 Mn
Mar 31, 2022 10.01 Mn
Dec 31, 2021 7.04 Mn
Sep 30, 2021 7.39 Mn
Jun 30, 2021 7.36 Mn