Humacyte (HUMA) Operating Expenses (2020 - 2026)
Humacyte (HUMA) reported Operating Expenses of $29.4 million for Q1 2026, up 24.17% year-over-year from $23.7 million in Q1 2025, and down 5.98% quarter-over-quarter from $31.3 million in Q4 2025.
Humacyte (HUMA) Operating Expenses (2020 - 2026) Analysis & Trends
Humacyte (HUMA) has 7 years of Operating Expenses data on file, last reported at $29.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $29.4 million, up 24.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $115.9 million (up 3.93% YoY), and the FY2025 annual result was $110.2 million, down 3.69% from the prior year.
- Operating Expenses declined to $29.4 million in Q1 2026 per HUMA's latest filing, from $31.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $31.3 million in Q4 2025 and troughed at $19.8 million in Q2 2022.
- A 5-year average of $25.9 million and a median of $26.2 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 34.79% in 2023, then fell 16.84% in 2025.
- A 5-year view of Operating Expenses shows it stood at $20.8 million in 2022, then gained by 25.94% to $26.2 million in 2023, then advanced by 7.28% to $28.1 million in 2024, then advanced by 11.45% to $31.3 million in 2025, then retreated by 5.98% to $29.4 million in 2026.
- Business Quant data shows HUMA's Operating Expenses at $29.4 million in Q1 2026, $31.3 million in Q4 2025, and $25.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 723,416.35 Bn | 723,416.32 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 57,340.00 Bn | 57,340.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 19,125.08 Bn | 19,125.08 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 3,262.00 Bn | 3,261.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Akari Therapeutics | 1,789.67 Bn | 1,789.67 Bn | - | 15.76 Mn |
| 6 | Evaxion A | 1,480.39 Bn | 1,480.37 Bn | - | -3.82 Mn |
| 7 | Psyence Biomedical | 241.78 Bn | 241.78 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 113.54 Bn | 106.29 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 94.26 Bn | 94.26 Bn | - | -67.40 Mn |
| 10 | Humacyte | 267.09 Mn | 218.55 Mn | -1.54 Mn | 29.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.43 Mn |
| Dec 31, 2025 | 31.30 Mn |
| Sep 30, 2025 | 25.14 Mn |
| Jun 30, 2025 | 30.03 Mn |
| Mar 31, 2025 | 23.70 Mn |
| Dec 31, 2024 | 28.09 Mn |
| Sep 30, 2024 | 30.23 Mn |
| Jun 30, 2024 | 29.50 Mn |
| Mar 31, 2024 | 26.58 Mn |
| Dec 31, 2023 | 26.18 Mn |
| Sep 30, 2023 | 24.62 Mn |
| Jun 30, 2023 | 26.73 Mn |
| Mar 31, 2023 | 22.51 Mn |
| Dec 31, 2022 | 20.79 Mn |
| Sep 30, 2022 | 23.53 Mn |
| Jun 30, 2022 | 19.83 Mn |
| Mar 31, 2022 | 22.00 Mn |
| Dec 31, 2021 | 21.80 Mn |
| Sep 30, 2021 | 20.78 Mn |
| Jun 30, 2021 | 19.96 Mn |