Eton Pharmaceuticals (ETON) Operating Expenses (2018 - 2026)
Eton Pharmaceuticals' (ETON) quarterly Operating Expenses came in at $12.6 million in Q2 2026, down 5.82% year-over-year from $13.4 million in Q2 2025, and up 18.64% quarter-over-quarter from $10.6 million in Q4 2025.
Analysis
Eton Pharmaceuticals (ETON) Operating Expenses (2018 - 2026) Analysis & Trends
Eton Pharmaceuticals has disclosed Operating Expenses across 9 years of filings, most recently posting $12.6 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 5.82% year-over-year to $12.6 million; the TTM figure through Jun 2026 stood at $45.9 million (up 29.69% YoY), while the FY2025 annual figure was $43.6 million, up 67.58% from the prior year.
- Operating Expenses came in at $12.6 million for Q2 2026 at Eton Pharmaceuticals, up from $10.6 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 $4.9 million in Q3 2022.
- Average Operating Expenses over 5 years is $7.5 million, with a median of $5.9 million recorded in 2023.
- Year-over-year, Operating Expenses fell 17.68% in 2022 and soared 81.91% in 2025.
- Over 5 years, Operating Expenses stood at $5.3 million in 2022, then advanced by 6.13% to $5.6 million in 2023, then climbed by 3.98% to $5.8 million in 2024, then soared by 81.91% to $10.6 million in 2025, then increased by 18.64% to $12.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $12.6 million in Q2 2026, $10.6 million in Q4 2025, and $9.2 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 643.26 Bn | 622.50 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 443.31 Bn | 436.74 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 364.74 Bn | 357.60 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 266.46 Bn | 258.77 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Pfizer | 158.57 Bn | 146.88 Bn | 10.94 Bn | 6.68 Bn |
| 6 | Sanofi | 52.33 Bn | 44.95 Bn | 10.79 Bn | -5.98 Bn |
| 7 | Revolution Medicines | 43.79 Bn | 43.79 Bn | - | 505.13 Mn |
| 8 | Incyte | 25.23 Bn | 20.69 Bn | 1.57 Bn | 976.14 Mn |
| 9 | United Therapeutics | 21.67 Bn | 19.01 Bn | 683.80 Mn | 452.50 Mn |
| 10 | Eton Pharmaceuticals | 1.63 Bn | 1.60 Bn | 25.41 Mn | 12.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.62 Mn |
| 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 |