IGC Pharma (IGC) Operating Expenses (2010 - 2025)

IGC Pharma (IGC) reported Operating Expenses of $3.0 million for Q3 2025, up 53.12% year-over-year from $2.0 million in Q3 2024, and up 45.6% quarter-over-quarter from $2.1 million in Q2 2025.

IGC Pharma (IGC) Operating Expenses (2010 - 2025) Analysis & Trends

IGC Pharma (IGC) has 16 years of Operating Expenses data on file, last reported at $3.0 million in Q3 2025.

  • Operating Expenses for Q3 2025 came in at $3.0 million, up 53.12% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.1 million (down 37.3% YoY), and the FY2026 annual result was $2.5 million, down 69.01% from the prior year.
  • Operating Expenses improved to $3.0 million in Q3 2025 per IGC's latest filing, from $2.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $6.6 million in Q1 2022 and troughed at $1.6 million in Q1 2025.
  • A 5-year average of $2.9 million and a median of $2.6 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2021 and 2024: Operating Expenses jumped 157.7% in 2021, then slumped 42.82% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $2.4 million in 2021, then retreated by 2.74% to $2.4 million in 2022, then surged by 31.55% to $3.1 million in 2023, then tumbled by 36.7% to $2.0 million in 2024, then jumped by 51.26% to $3.0 million in 2025.
  • Business Quant data shows IGC's Operating Expenses at $3.0 million in Q3 2025, $2.1 million in Q2 2025, and $1.6 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 719,706.53 Bn 719,706.50 Bn - 4.33 Mn
2 Belite Bio 55,800.00 Bn 55,800.00 Bn - 32.68 Mn
3 Quantum Biopharma 18,182.30 Bn 18,182.29 Bn - 2.97 Mn
4 Legend Biotech 3,154.00 Bn 3,153.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,844.30 Bn 1,844.29 Bn - 15.76 Mn
6 Evaxion A 1,567.96 Bn 1,567.94 Bn - -3.82 Mn
7 Psyence Biomedical 251.43 Bn 251.42 Bn - 574,669.00
8 Vertex Pharmaceuticals 112.56 Bn 105.31 Bn 2.59 Bn 1.85 Bn
9 Abivax 94.37 Bn 94.37 Bn - -67.40 Mn
10 IGC Pharma 29.33 Mn 29.07 Mn - -

Historic Data

Download Data
DateValue
Sep 30, 2025 3.00 Mn
Jun 30, 2025 2.06 Mn
Mar 31, 2025 1.57 Mn
Dec 31, 2024 1.98 Mn
Sep 30, 2024 1.96 Mn
Jun 30, 2024 2.56 Mn
Mar 31, 2024 2.37 Mn
Dec 31, 2023 3.13 Mn
Sep 30, 2023 2.67 Mn
Jun 30, 2023 2.39 Mn
Mar 31, 2023 4.14 Mn
Dec 31, 2022 2.38 Mn
Sep 30, 2022 2.62 Mn
Jun 30, 2022 2.94 Mn
Mar 31, 2022 6.57 Mn
Dec 31, 2021 2.45 Mn
Sep 30, 2021 4.39 Mn
Jun 30, 2021 2.22 Mn
Mar 31, 2021 2.79 Mn
Dec 31, 2020 2.34 Mn