Werewolf Therapeutics (HOWL) Operating Expenses (2020 - 2026)
Werewolf Therapeutics' Operating Expenses came in at $13.84 million for Q2 2026, down 21.1% from $17.54 million a year earlier but up 4.3% from the prior quarter.
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Analysis
Werewolf Therapeutics (HOWL) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Werewolf Therapeutics reported Operating Expenses of $52.26 million, down 28.4% year-over-year; for FY2025, it came in at $60.68 million, down 19.6% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 22.1% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $75.48 million in FY2024 (+24.9%), $60.45 million in FY2023 (-16.6%), $72.46 million in FY2022 (+44.7%) and $50.09 million in FY2021 (+123.6%).
- The five-year range for quarterly Operating Expenses is $9.42 million (Q4 2025) to $20.46 million (Q4 2022).
- Year-over-year, Operating Expenses has declined for five consecutive quarters, with an average decline of 8.5% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 141.9%), and the weakest in Q4 2025 (a decline of 53.7%).
- Business Quant data shows HOWL's Operating Expenses at $13.27 million (Q1 2026), $9.42 million (Q4 2025) and $15.73 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 | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 15.99 Bn |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 11.12 Bn |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 11.14 Bn |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 12.53 Bn |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 9.00 Bn |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 6.66 Bn |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 4.84 Bn |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 7.09 Bn |
| 10 | Werewolf Therapeutics | 47.14 Mn | -144.12 Mn | - | 13.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.84 Mn |
| Mar 31, 2026 | 13.27 Mn |
| Dec 31, 2025 | 9.42 Mn |
| Sep 30, 2025 | 15.73 Mn |
| Jun 30, 2025 | 17.54 Mn |
| Mar 31, 2025 | 17.99 Mn |
| Dec 31, 2024 | 20.35 Mn |
| Sep 30, 2024 | 17.12 Mn |
| Jun 30, 2024 | 20.10 Mn |
| Mar 31, 2024 | 17.90 Mn |
| Dec 31, 2023 | 14.46 Mn |
| Sep 30, 2023 | 15.15 Mn |
| Jun 30, 2023 | 14.15 Mn |
| Mar 31, 2023 | 16.69 Mn |
| Dec 31, 2022 | 20.46 Mn |
| Sep 30, 2022 | 17.51 Mn |
| Jun 30, 2022 | 19.12 Mn |
| Mar 31, 2022 | 15.37 Mn |
| Dec 31, 2021 | 17.88 Mn |
| Sep 30, 2021 | 13.80 Mn |
API Access
Werewolf Therapeutics 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=HOWL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HOWL", "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=HOWL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();