ImmunityBio (IBRX) Operating Expenses (2014 - 2026)

ImmunityBio's (IBRX) quarterly Operating Expenses came in at $114.0 million in Q1 2026, up 40.83% year-on-year from $80.9 million in Q1 2025, and up 10.71% on a QoQ basis from $103.0 million in Q4 2025.

ImmunityBio (IBRX) Operating Expenses (2014 - 2026) Analysis & Trends

ImmunityBio (IBRX) has 13 years of Operating Expenses data on file, last reported at $114.0 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 40.83% year-over-year to $114.0 million in Q1 2026; TTM through Mar 2026 was $402.4 million, a 16.75% increase from a year earlier, with the FY2025 full-year figure at $369.3 million, up 2.89% from the prior year.
  • Operating Expenses for Q1 2026 stood at $114.0 million, up from $103.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for IBRX reached as high as $114.0 million in Q1 2026 and fell as low as $77.0 million in Q4 2024.
  • Historically, Operating Expenses has averaged $91.6 million across 5 years, with a median of $87.7 million in 2025.
  • Across the five-year window, Operating Expenses fell 15.0% in 2025 and soared 40.83% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $85.0 million in 2022, then increased by 0.65% to $85.5 million in 2023, then decreased by 10.03% to $77.0 million in 2024, then surged by 33.81% to $103.0 million in 2025, then gained by 10.71% to $114.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $114.0 million in Q1 2026, $103.0 million in Q4 2025, and $87.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 ImmunityBio 7.35 Bn 6.97 Bn 43.97 Mn 114.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 114.00 Mn
Dec 31, 2025 102.97 Mn
Sep 30, 2025 87.69 Mn
Jun 30, 2025 97.71 Mn
Mar 31, 2025 80.95 Mn
Dec 31, 2024 76.95 Mn
Sep 30, 2024 86.36 Mn
Jun 30, 2024 100.38 Mn
Mar 31, 2024 95.24 Mn
Dec 31, 2023 85.53 Mn
Sep 30, 2023 80.22 Mn
Jun 30, 2023 85.19 Mn
Mar 31, 2023 111.94 Mn
Dec 31, 2022 84.97 Mn
Sep 30, 2022 90.92 Mn
Jun 30, 2022 79.66 Mn
Mar 31, 2022 95.99 Mn
Dec 31, 2021 79.66 Mn
Sep 30, 2021 78.90 Mn
Jun 30, 2021 86.25 Mn