ImmunityBio (IBRX) Operating Expenses (2014 - 2026)

ImmunityBio (IBRX) reported Operating Expenses of $114.0 million for Q1 2026, up 40.83% year-over-year from $80.9 million in Q1 2025, and up 10.71% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $114.0 million, up 40.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $402.4 million (up 16.75% YoY), and the FY2025 annual result was $369.3 million, up 2.89% from the prior year.
  • Operating Expenses climbed to $114.0 million in Q1 2026 per IBRX's latest filing, from $103.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $114.0 million in Q1 2026 and troughed at $77.0 million in Q4 2024.
  • A 5-year average of $91.6 million and a median of $87.7 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses decreased 15.0% in 2025, then surged 40.83% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $85.0 million in 2022, then advanced by 0.65% to $85.5 million in 2023, then declined by 10.03% to $77.0 million in 2024, then surged by 33.81% to $103.0 million in 2025, then grew by 10.71% to $114.0 million in 2026.
  • Business Quant data shows IBRX's Operating Expenses at $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 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 ImmunityBio 7.55 Bn 7.17 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