Innate Pharma (IPHA) Operating Expenses (2019 - 2025)

Innate Pharma posted quarterly Operating Expenses of -$73.3 million for Q4 2025, up 4.26% year-on-year from -$70.4 million in Q4 2024, and down 113.95% on a QoQ basis from -$34.3 million in Q2 2025.

Innate Pharma (IPHA) has 7 years of Operating Expenses data on file, last reported 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.
  • Across five years, Operating Expenses topped out at $8.7 million in Q2 2021 and bottomed at -$83.0 million in Q4 2021.
  • The 5-year median for Operating Expenses is -$42.9 million (2023), against an average of -$46.4 million.
  • The widest annual swing landed in 2021, when Operating Expenses surged 117.27%; it then slumped 105659.03% in 2023.
  • A 5-year view of Operating Expenses shows it stood at -$83.0 million in 2021, then surged by 99.91% to -$75599.3 in 2022, then plunged by 105659.03% to -$80.0 million in 2023, then increased by 4.18% to -$76.6 million in 2024, then grew 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 Quantum Biopharma 1,638,563.89 Bn 1,638,563.89 Bn - 2.97 Mn
2 Alterity Therapeutics 767,934.24 Bn 767,934.20 Bn - 4.33 Mn
3 Legend Biotech 2,937.00 Bn 2,936.10 Bn 242.10 Mn -138.30 Mn
4 Nanobiotix 2,226.01 Bn 2,225.95 Bn - -
5 Akari Therapeutics 2,169.69 Bn 2,169.69 Bn - 15.76 Mn
6 Vertex Pharmaceuticals 110.41 Bn 103.16 Bn 2.59 Bn 1.85 Bn
7 Regeneron Pharmaceuticals 66.44 Bn 57.69 Bn 3.31 Bn 2.96 Bn
8 Evaxion A 65.44 Bn 65.42 Bn - -3.82 Mn
9 Alnylam Pharmaceuticals 39.53 Bn 36.52 Bn 959.66 Mn 898.54 Mn
10 Innate Pharma 199.64 Mn 199.64 Mn - -73.35 Mn

Historic Data

Download Data 🔒
DateValue
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