Immunovant (IMVT) Operating Expenses (2018 - 2026)

Immunovant (IMVT) reported Operating Expenses of $159.6 million for Q1 2026, up 40.17% on a YoY basis from $113.8 million in Q1 2025, and up 39.52% quarter-over-quarter from $114.4 million in Q4 2025.

Immunovant (IMVT) Operating Expenses (2018 - 2026) Analysis & Trends

Immunovant has reported Operating Expenses for 9 years, with the latest figure at $159.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 40.17% year-over-year to $159.6 million; the trailing twelve-month figure through Mar 2026 stood at $532.9 million (up 21.63% YoY), and the FY2026 full-year result was $532.9 million, up 21.62% from the prior year.
  • Operating Expenses for Q1 2026 stood at $159.6 million, up from $114.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $159.6 million in Q1 2026, with the low at $40.4 million in Q2 2022.
  • Historically, Operating Expenses has averaged $89.4 million across 5 years, with a median of $80.9 million in 2024.
  • The largest YoY upside for Operating Expenses was 94.37% in 2023 against a maximum downside of 3.86% in 2023.
  • Immunovant's Operating Expenses stood at $64.0 million in 2022, then slipped by 3.86% to $61.6 million in 2023, then jumped by 85.7% to $114.3 million in 2024, then increased by 0.05% to $114.4 million in 2025, then jumped by 39.52% to $159.6 million in 2026.
  • The last three Operating Expenses figures came in at $159.6 million (Q1 2026), $114.4 million (Q4 2025), and $131.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - 4.33 Mn
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - 2.97 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - 15.76 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -3.82 Mn
7 Psyence Biomedical 227.32 Bn 227.31 Bn - 574,669.00
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.71 Bn 91.71 Bn - -67.40 Mn
10 Immunovant 5.71 Bn 5.71 Bn - 159.55 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 159.55 Mn
Dec 31, 2025 114.36 Mn
Sep 30, 2025 131.76 Mn
Jun 30, 2025 127.22 Mn
Mar 31, 2025 113.83 Mn
Dec 31, 2024 114.30 Mn
Sep 30, 2024 115.74 Mn
Jun 30, 2024 94.28 Mn
Mar 31, 2024 80.88 Mn
Dec 31, 2023 61.55 Mn
Sep 30, 2023 61.80 Mn
Jun 30, 2023 78.48 Mn
Mar 31, 2023 64.26 Mn
Dec 31, 2022 64.03 Mn
Sep 30, 2022 49.61 Mn
Jun 30, 2022 40.38 Mn
Mar 31, 2022 47.23 Mn
Dec 31, 2021 41.27 Mn
Sep 30, 2021 37.65 Mn
Jun 30, 2021 29.89 Mn