Eton Pharmaceuticals (ETON) Operating Expenses (2018 - 2025)

Eton Pharmaceuticals (ETON) reported Operating Expenses of $10.6 million for Q4 2025, up 81.91% on a YoY basis from $5.8 million in Q4 2024, and up 15.38% sequentially from $9.2 million in Q3 2025.

Eton Pharmaceuticals (ETON) Operating Expenses (2018 - 2025) Analysis & Trends

Eton Pharmaceuticals (ETON) has 8 years of Operating Expenses data on file, last reported at $10.6 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 81.91% year-over-year to $10.6 million; the trailing twelve-month figure through Dec 2025 stood at $43.6 million (up 67.58% YoY), and the FY2025 full-year result was $43.6 million, up 67.58% from the prior year.
  • Operating Expenses climbed to $10.6 million in Q4 2025, from $9.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $13.4 million in Q2 2025 to a low of $4.4 million in Q4 2021.
  • A 5-year average of $6.7 million and a median of $5.8 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses tumbled 44.31% in 2021 and surged 81.91% in 2025, its largest moves.
  • Tracing ETON's Operating Expenses over 5 years: stood at $4.4 million in 2021, then increased by 20.22% to $5.3 million in 2022, then gained by 6.13% to $5.6 million in 2023, then advanced by 3.98% to $5.8 million in 2024, then surged by 81.91% to $10.6 million in 2025.
  • Business Quant data shows ETON's Operating Expenses at $10.6 million in Q4 2025, $9.2 million in Q3 2025, and $13.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 455.70 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 494.00 Mn
10 Eton Pharmaceuticals 1.14 Bn 1.12 Bn 13.10 Mn 10.64 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 10.64 Mn
Sep 30, 2025 9.22 Mn
Jun 30, 2025 13.40 Mn
Mar 31, 2025 10.33 Mn
Dec 31, 2024 5.85 Mn
Sep 30, 2024 5.79 Mn
Jun 30, 2024 8.56 Mn
Mar 31, 2024 5.81 Mn
Dec 31, 2023 5.62 Mn
Sep 30, 2023 4.95 Mn
Jun 30, 2023 5.80 Mn
Mar 31, 2023 5.88 Mn
Dec 31, 2022 5.30 Mn
Sep 30, 2022 4.91 Mn
Jun 30, 2022 5.95 Mn
Mar 31, 2022 6.41 Mn
Dec 31, 2021 4.41 Mn
Sep 30, 2021 5.97 Mn
Jun 30, 2021 5.22 Mn
Mar 31, 2021 4.94 Mn