Immunovant (IMVT) Operating Expenses (2018 - 2026)

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

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

Immunovant's Operating Expenses history runs 9 years deep, the most recent figure standing at $159.6 million for Q1 2026.

  • Quarterly Operating Expenses rose 40.17% year-over-year to $159.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $532.9 million (up 21.63% YoY) and the FY2026 annual result came in at $532.9 million, up 21.62% from the prior year.
  • Operating Expenses was $159.6 million for Q1 2026 at Immunovant, up from $114.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $159.6 million in Q1 2026 and bottomed at $40.4 million in Q2 2022.
  • A 5-year average of $89.4 million and a median of $80.9 million in 2024 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 94.37% in 2023, while the deepest fall reached 3.86% in 2023.
  • Immunovant's Operating Expenses stood at $64.0 million in 2022, then declined by 3.86% to $61.6 million in 2023, then soared by 85.7% to $114.3 million in 2024, then gained by 0.05% to $114.4 million in 2025, then soared by 39.52% to $159.6 million in 2026.
  • Business Quant data shows IMVT's Operating Expenses at $159.6 million in Q1 2026, $114.4 million in Q4 2025, and $131.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Immunovant 7.17 Bn 7.17 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