InflaRx (IFRX) Operating Expenses (2016 - 2026)

InflaRx's (IFRX) quarterly Operating Expenses came in at -$8.7 million in Q1 2026, up 38.7% year-on-year from -$6.3 million in Q1 2025, and down 113.12% quarter-over-quarter from $66.5 million in Q4 2025.

InflaRx (IFRX) Operating Expenses (2016 - 2026) Analysis & Trends

InflaRx has disclosed Operating Expenses across 11 years of filings, most recently posting -$8.7 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$8.7 million, up 38.7% year-over-year; the trailing twelve-month figure through Mar 2026 was -$13.0 billion (up 19.99% YoY), and the FY2025 annual result was $30.0 million, up 115.24% from the prior year.
  • Operating Expenses came in at -$8.7 million for Q1 2026 at InflaRx, down from $66.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $66.5 million in Q4 2025 to a low of -$53456.5 billion in Q4 2022.
  • The 5-year median for Operating Expenses is -$16.6 million (2022), against an average of -$5895.1 billion.
  • Peak annual rise in Operating Expenses reached 100.0% in 2023, while the deepest fall reached 217380906.46% in 2023.
  • InflaRx's Operating Expenses stood at -$53456.5 billion in 2022, then soared by 100.0% to $46.4 million in 2023, then increased by 17.75% to $54.6 million in 2024, then gained by 21.85% to $66.5 million in 2025, then sank by 113.12% to -$8.7 million in 2026.
  • The last three Operating Expenses figures came in at -$8.7 million (Q1 2026), $66.5 million (Q4 2025), and -$11.7 million (Q3 2025), per Business Quant data.

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 InflaRx 764.68 Mn 764.68 Mn 10,877.40 -8.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -8.73 Mn
Dec 31, 2025 66.53 Mn
Sep 30, 2025 -11.72 Mn
Jun 30, 2025 -13.01 Bn
Mar 31, 2025 -14.24 Mn
Dec 31, 2024 54.60 Mn
Sep 30, 2024 -17.19 Mn
Jun 30, 2024 -16.23 Bn
Mar 31, 2024 -13.41 Mn
Dec 31, 2023 46.37 Mn
Sep 30, 2023 -12.81 Mn
Jun 30, 2023 -36,018.24 Bn
Mar 31, 2023 -19.69 Mn
Dec 31, 2022 -53,456.49 Bn
Sep 30, 2022 -10,712.55 Bn
Jun 30, 2022 -16.57 Mn
Mar 31, 2022 -16.68 Mn
Dec 31, 2021 -54,547.53 Bn
Sep 30, 2021 -15.04 Mn
Jun 30, 2021 -16.86 Mn