GH Research (GHRS) Operating Expenses (2020 - 2026)
GH Research's Operating Expenses came in at -$19.46 million for Q2 2026, compared with -$14.7 million a year earlier.
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Analysis
GH Research (GHRS) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, GH Research reported Operating Expenses of -$71.49 million; for FY2025, it was $60.72 million, up 20.7% from FY2024.
- Operating Expenses has increased in each of the last four years, with a five-year compound annual growth rate of 167.2% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $50.31 million in FY2024 (+22.1%), $41.22 million in FY2023 (+34.9%), $30.55 million in FY2022 (+102.3%) and $15.1 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Operating Expenses in data going back to Q3 2020.
- Business Quant data shows GHRS's Operating Expenses at -$18.75 million (Q1 2026), -$16.72 million (Q4 2025) and -$16.57 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,133.08 Bn | 1,101.67 Bn | 19.71 Bn | 7.95 Bn |
| 2 | Johnson & Johnson | 616.40 Bn | 534.93 Bn | 17.26 Bn | 10.12 Bn |
| 3 | AbbVie | 501.19 Bn | 474.31 Bn | 12.70 Bn | 10.56 Bn |
| 4 | Merck | 367.18 Bn | 321.56 Bn | 12.21 Bn | 12.80 Bn |
| 5 | Novartis Ag | 297.99 Bn | 261.98 Bn | 11.24 Bn | 6.09 Bn |
| 6 | Astrazeneca | 261.67 Bn | 235.36 Bn | 12.86 Bn | 9.70 Bn |
| 7 | Amgen | 235.57 Bn | 190.97 Bn | 7.24 Bn | 6.54 Bn |
| 8 | Gilead Sciences | 190.62 Bn | 164.82 Bn | 6.22 Bn | 18.20 Bn |
| 9 | Pfizer | 169.63 Bn | 116.28 Bn | 10.94 Bn | 6.68 Bn |
| 10 | GH Research | 1.16 Bn | 34.40 Mn | - | 19.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.46 Mn |
| Mar 31, 2026 | -18.75 Mn |
| Dec 31, 2025 | 16.72 Mn |
| Sep 30, 2025 | 16.57 Mn |
| Jun 30, 2025 | 14.70 Mn |
| Mar 31, 2025 | 12.73 Mn |
| Dec 31, 2024 | 12.94 Mn |
| Sep 30, 2024 | 12.62 Mn |
| Jun 30, 2024 | 13.22 Mn |
| Mar 31, 2024 | 11.53 Mn |
| Dec 31, 2023 | 11.16 Mn |
| Sep 30, 2023 | 9.72 Mn |
| Jun 30, 2023 | 9.93 Mn |
| Mar 31, 2023 | 10.42 Mn |
| Dec 31, 2022 | 9.17 Mn |
| Sep 30, 2022 | 6.63 Mn |
| Jun 30, 2022 | 6.75 Mn |
| Mar 31, 2022 | -8.01 Mn |
| Dec 31, 2021 | 23.58 Mn |
| Sep 30, 2021 | -4.67 Mn |
API Access
GH Research Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GHRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GHRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GHRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();