Innate Pharma (IPHA) Operating Expenses (2019 - 2025)
Innate Pharma (IPHA) reported Operating Expenses of -$73.3 million for Q4 2025, up 4.26% on a YoY basis from -$70.4 million in Q4 2024, and down 113.95% quarter-over-quarter from -$34.3 million in Q2 2025.
Innate Pharma (IPHA) Operating Expenses (2019 - 2025) Analysis & Trends
Innate Pharma has reported Operating Expenses for 7 years, with the latest figure at -$73.3 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 4.26% year-over-year to -$73.3 million; the trailing twelve-month figure through Dec 2025 stood at -$225.9 million (up 6.82% YoY), and the FY2025 full-year result was $73.3 million, down 4.26% from the prior year.
- Operating Expenses for Q4 2025 stood at -$73.3 million, down from -$34.3 million in the prior quarter.
- The five-year high for Operating Expenses was $8.7 million in Q2 2021, with the low at -$83.0 million in Q4 2021.
- Historically, Operating Expenses has averaged -$46.4 million across 5 years, with a median of -$42.9 million in 2023.
- Annual changes were most pronounced in 2021 — Operating Expenses surged 117.27% — and 2023, when it plunged 105659.03%.
- Innate Pharma's Operating Expenses stood at -$83.0 million in 2021, then jumped by 99.91% to -$75599.3 in 2022, then sank by 105659.03% to -$80.0 million in 2023, then grew by 4.18% to -$76.6 million in 2024, then climbed by 4.26% to -$73.3 million in 2025.
- The last three Operating Expenses figures came in at -$73.3 million (Q4 2025), -$34.3 million (Q2 2025), and -$76.6 million (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 814,307.08 Bn | 814,307.05 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 55,320.00 Bn | 55,320.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,149.72 Bn | 17,149.72 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 3,590.00 Bn | 3,589.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Akari Therapeutics | 1,650.72 Bn | 1,650.72 Bn | - | 15.76 Mn |
| 6 | Evaxion A | 1,522.09 Bn | 1,522.07 Bn | - | -3.82 Mn |
| 7 | Psyence Biomedical | 229.39 Bn | 229.38 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 113.09 Bn | 105.85 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 90.15 Bn | 90.15 Bn | - | -67.40 Mn |
| 10 | Innate Pharma | 194.19 Mn | 194.19 Mn | - | -73.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -73.35 Mn |
| Jun 30, 2025 | -34.28 Mn |
| Dec 31, 2024 | -76.61 Mn |
| Jun 30, 2024 | -41.63 Mn |
| Dec 31, 2023 | -79.95 Mn |
| Jun 30, 2023 | -44.21 Mn |
| Dec 31, 2022 | -75,599.31 |
| Jun 30, 2022 | -39.58 Mn |
| Dec 31, 2021 | -82.97 Mn |
| Jun 30, 2021 | 8.75 Mn |
| Dec 31, 2020 | -81.90 Mn |
| Jun 30, 2020 | -50.66 Mn |
| Dec 31, 2019 | -115.83 Mn |
| Jun 30, 2019 | -51.55 Mn |