Immunocore Holdings IMCR
NASDAQ IMCR
$36.60 -0.97 (-2.58%)
As of: Sep 4, 2026 · 1:31 PM EDT

Immunocore Holdings (IMCR) Operating Expenses (2021 - 2026)

Immunocore Holdings (IMCR) posted Operating Expenses of $99.0 million for Q1 2026, down 18.53% sequentially from $121.5 million in Q4 2025, and up 2.38% YoY from $96.7 million in Q1 2025.

Analysis

Immunocore Holdings (IMCR) Operating Expenses (2021 - 2026) Analysis & Trends

Immunocore Holdings has reported Operating Expenses for 6 years, with the latest figure at $99.0 million in Q1 2026.

  • Quarterly Operating Expenses rose 2.38% year-over-year to $99.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $442.6 million (up 17.13% YoY) and the FY2025 annual result came in at $440.3 million, up 16.5% from the prior year.
  • Operating Expenses eased to $99.0 million in Q1 2026 per IMCR's latest filing, from $121.5 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $121.5 million in Q4 2025 and troughed at $41.2 million in Q3 2022.
  • A 5-year average of $87.8 million and a median of $89.0 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses fell 18.88% in 2022, then surged 91.03% in 2023.
  • Over 5 years, Operating Expenses stood at $82.4 million in 2022, then rose by 5.56% to $87.0 million in 2023, then gained by 18.57% to $103.2 million in 2024, then grew by 17.73% to $121.5 million in 2025, then retreated by 18.53% to $99.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $99.0 million, $121.5 million, and $110.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 139.27 Bn 131.42 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.55 Bn 77.56 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.45 Bn 58.27 Bn 1.37 Bn -1.05 Bn
4 Moderna 57.73 Bn 52.59 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.08 Bn 44.08 Bn - 505.13 Mn
6 BeOne Medicines 39.95 Bn 34.85 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.14 Bn 31.84 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.44 Bn 27.60 Bn - 541.02 Mn
9 Insmed 27.32 Bn 26.16 Bn 358.27 Mn 427.03 Mn
10 Immunocore Holdings 1.87 Bn 989.25 Mn 114.84 Mn 117.84 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 117.84 Mn
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 78.40 Mn
Mar 31, 2023 69.14 Mn
Dec 31, 2022 82.43 Mn
Sep 30, 2022 41.21 Mn
Jun 30, 2022 50.69 Mn
Dec 31, 2021 59.90 Mn
Sep 30, 2021 50.80 Mn