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| 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 |