Immunocore Holdings (IMCR) Operating Expenses (2023 - 2026)

Immunocore Holdings' (IMCR) quarterly Operating Expenses came in at $99.0 million in Q1 2026, up 2.38% year-on-year from $96.7 million in Q1 2025, and down 18.53% quarter-over-quarter from $121.5 million in Q4 2025.

Immunocore Holdings (IMCR) Operating Expenses (2023 - 2026) Analysis & Trends

Immunocore Holdings has disclosed Operating Expenses across 4 years of filings, most recently posting $99.0 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $99.0 million, up 2.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $442.6 million (up 17.13% YoY), and the FY2025 annual result was $440.3 million, up 16.5% from the prior year.
  • Operating Expenses came in at $99.0 million for Q1 2026 at Immunocore Holdings, down from $121.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $121.5 million in Q4 2025 to a low of $69.1 million in Q1 2023.
  • The 4-year median for Operating Expenses is $96.7 million (2025), against an average of $94.2 million.
  • Across the five-year window, Operating Expenses jumped 39.93% in 2024 and decreased 0.08% in 2025, its largest moves.
  • Immunocore Holdings' Operating Expenses stood at $87.0 million in 2023, then increased by 18.57% to $103.2 million in 2024, then advanced by 17.73% to $121.5 million in 2025, then declined by 18.53% to $99.0 million in 2026.
  • The last three Operating Expenses figures came in at $99.0 million (Q1 2026), $121.5 million (Q4 2025), and $110.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 767,934.24 Bn 767,934.20 Bn - 4.33 Mn
2 Belite Bio 55,234.00 Bn 55,234.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,823.14 Bn 17,823.14 Bn - 2.97 Mn
4 Legend Biotech 3,624.50 Bn 3,624.21 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,745.73 Bn 1,745.73 Bn - 15.76 Mn
6 Evaxion A 1,540.85 Bn 1,540.84 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 112.57 Bn 105.33 Bn 2.59 Bn 1.85 Bn
9 Abivax 93.46 Bn 93.46 Bn - -67.40 Mn
10 Immunocore Holdings 1.46 Bn 616.35 Mn 106.24 Mn 98.96 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 98.96 Mn
Dec 31, 2025 121.47 Mn
Sep 30, 2025 110.35 Mn
Jun 30, 2025 111.80 Mn
Mar 31, 2025 96.67 Mn
Dec 31, 2024 103.17 Mn
Sep 30, 2024 88.30 Mn
Jun 30, 2024 89.71 Mn
Mar 31, 2024 96.75 Mn
Dec 31, 2023 87.01 Mn
Sep 30, 2023 78.72 Mn
Jun 30, 2023 73.17 Mn
Mar 31, 2023 69.14 Mn