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| Date | Value |
|---|---|
| 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 |