Tessera Defense & Homeland Security (HLSQ) Operating Expenses (2018 - 2026)
Tessera Defense & Homeland Security (HLSQ) recorded Operating Expenses of $5.38 million in Q2 2026, down 27.6% from $7.43 million a year earlier but up 315.4% from the prior quarter.
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Analysis
Tessera Defense & Homeland Security (HLSQ) Operating Expenses (2018 - 2026) Analysis & Trends
On a TTM basis, Tessera Defense & Homeland Security's Operating Expenses came in at $22.41 million as of Jun 30, 2026, down 36.2% year-over-year; for FY2025, it was $30.92 million, down 15.1% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 1.0% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $36.44 million in FY2024 (+43.8%), $25.35 million in FY2023 (-1.4%), $25.7 million in FY2022 (-33.4%) and $38.57 million in FY2021 (+31.1%).
- Quarterly Operating Expenses has ranged from $1.3 million in Q1 2026 to $14.03 million in Q4 2021 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for five consecutive quarters, with an average decline of 6.1% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 78.3% in Q4 2024, against a decline of 83.3% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.3 million (Q1 2026), $7.2 million (Q4 2025) and $8.54 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Tessera Defense & Homeland Security | 474,401.69 | -5.79 Mn | 97,000.00 | 5.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.38 Mn |
| Mar 31, 2026 | 1.30 Mn |
| Dec 31, 2025 | 7.20 Mn |
| Sep 30, 2025 | 8.54 Mn |
| Jun 30, 2025 | 7.43 Mn |
| Mar 31, 2025 | 7.76 Mn |
| Dec 31, 2024 | 9.40 Mn |
| Sep 30, 2024 | 10.53 Mn |
| Jun 30, 2024 | 9.73 Mn |
| Mar 31, 2024 | 6.79 Mn |
| Dec 31, 2023 | 5.27 Mn |
| Sep 30, 2023 | 7.80 Mn |
| Jun 30, 2023 | 6.07 Mn |
| Mar 31, 2023 | 6.21 Mn |
| Dec 31, 2022 | 5.18 Mn |
| Sep 30, 2022 | 6.17 Mn |
| Jun 30, 2022 | 6.95 Mn |
| Mar 31, 2022 | 7.41 Mn |
| Dec 31, 2021 | 14.03 Mn |
| Sep 30, 2021 | 9.45 Mn |
API Access
Tessera Defense & Homeland Security 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=HLSQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HLSQ", "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=HLSQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();