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