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