Here (HERE) Operating Expenses (2021 - 2026)
Here's (HERE) quarterly Operating Expenses came in at -$14.6 million in Q1 2026, up 75.96% YoY from -$8.3 million in Q1 2025, and down 9.66% on a QoQ basis from -$13.3 million in Q4 2025.
Here (HERE) Operating Expenses (2021 - 2026) Analysis & Trends
Here (HERE) has 6 years of Operating Expenses data on file, last reported at -$14.6 million in Q1 2026.
- Quarterly Operating Expenses rose 75.96% year-over-year to -$14.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$46.0 million (up 84.25% YoY) and the FY2025 annual result came in at $254.8 million, down 35.44% from the prior year.
- Operating Expenses eased to -$14.6 million in Q1 2026, from -$13.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$6.6 million in Q2 2025 to a low of -$111.5 million in Q1 2024.
- A 5-year average of -$73.7 million and a median of -$90.6 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses fell 17.19% — and 2025, when it soared 92.29%.
- Tracing HERE's Operating Expenses over 5 years: stood at -$106.1 million in 2022, then increased by 2.66% to -$103.3 million in 2023, then surged by 38.19% to -$63.8 million in 2024, then surged by 79.12% to -$13.3 million in 2025, then declined by 9.66% to -$14.6 million in 2026.
- The last three Operating Expenses figures came in at -$14.6 million (Q1 2026), -$13.3 million (Q4 2025), and -$11.5 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.61 Bn | 17.92 Bn | 1.17 Bn | -856.20 Mn |
| 2 | Hasbro | 13.64 Bn | 12.26 Bn | 867.20 Mn | 887.10 Mn |
| 3 | Life Time Group Holdings | 9.88 Bn | 9.65 Bn | 412.26 Mn | 716.29 Mn |
| 4 | Acushnet Holdings | 5.40 Bn | 5.33 Bn | 445.83 Mn | 267.00 Mn |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | - |
| 6 | Planet Fitness | 3.74 Bn | 3.34 Bn | 300.73 Mn | 241.41 Mn |
| 7 | YETI Holdings | 3.58 Bn | 3.52 Bn | 322.52 Mn | 229.01 Mn |
| 8 | Callaway Golf | 3.01 Bn | 2.73 Bn | 306.70 Mn | 191.90 Mn |
| 9 | Onespaworld Holdings | 2.75 Bn | 2.70 Bn | 84.35 Mn | 236.74 Mn |
| 10 | Here | 299.96 Mn | -96.31 Bn | 8.24 Mn | -14.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -14.62 Mn |
| Dec 31, 2025 | -13.33 Mn |
| Sep 30, 2025 | -11.46 Mn |
| Jun 30, 2025 | -6.61 Mn |
| Mar 31, 2025 | -60.79 Mn |
| Dec 31, 2024 | -63.83 Mn |
| Sep 30, 2024 | -81.75 Mn |
| Jun 30, 2024 | -85.71 Mn |
| Mar 31, 2024 | -111.47 Mn |
| Dec 31, 2023 | -103.27 Mn |
| Sep 30, 2023 | -96.86 Mn |
| Jun 30, 2023 | -91.66 Mn |
| Mar 31, 2023 | -106.19 Mn |
| Dec 31, 2022 | -106.09 Mn |
| Sep 30, 2022 | -99.10 Mn |
| Jun 30, 2022 | -110.20 Mn |
| Mar 31, 2022 | -90.62 Mn |
| Dec 31, 2021 | -116.13 Mn |