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| 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 |