GH Research (GHRS) Operating Expenses (2020 - 2025)

GH Research's Operating Expenses history runs 6 years deep, the most recent figure standing at -$71.5 million for Q4 2025.

• On a quarterly basis, Operating Expenses fell 7.37% year-over-year to -$71.5 million in Q4 2025; TTM through Dec 2025 was -$60.7 million, a 20.68% decrease from a year earlier, with the FY2025 full-year figure at $60.7 million, up 20.68% from the prior year.
• Operating Expenses slipped to -$71.5 million in Q4 2025 per GHRS's latest filing, from $4.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $28.1 million in Q4 2023 and bottomed at -$71.5 million in Q4 2025.
• The 5-year median for Operating Expenses is $3.7 million (2024), against an average of -$1.7 million.
• Biggest YoY gain for Operating Expenses was 4058.55% in 2021; the steepest drop was 7676.67% in 2021.
• Year by year, Operating Expenses stood at $23.6 million in 2021, then rose by 5.13% to $24.8 million in 2022, then grew by 13.54% to $28.1 million in 2023, then plunged by 336.5% to -$66.6 million in 2024, then declined by 7.37% to -$71.5 million in 2025.
• Per Business Quant, the three latest GHRS Operating Expenses figures stand at -$71.5 million (Q4 2025), $4.6 million (Q3 2025), and $3.2 million (Q2 2025).