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

Innate Pharma (IPHA) posted quarterly Operating Expenses of -$71.7 million for Q4 2025, up 12.11% year-on-year from -$64.0 million in Q4 2024, and down 108.05% on a QoQ basis from -$34.5 million in Q2 2025.

Innate Pharma (IPHA) Operating Expenses (2019 - 2025) Analysis & Trends

Innate Pharma (IPHA) has reported Operating Expenses for 7 consecutive years, with -$71.7 million the latest figure, recorded in Q4 2025.

  • Quarterly Operating Expenses rose 12.11% year-over-year to -$71.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$231.7 million (up 9.59% YoY) and the FY2025 annual result came in at $71.7 million, down 12.11% from the prior year.
  • Operating Expenses eased to -$71.7 million in Q4 2025 per IPHA's latest filing, from -$34.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for IPHA reached as high as -$34.5 million in Q2 2025 and fell as low as -$84.6 million in Q4 2023.
  • A 5-year average of -$61.8 million and a median of -$59.2 million in 2021 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses slipped 9.44% — and 2025, when it grew 21.65%.
  • Year by year, Operating Expenses stood at -$82.5 million in 2021, then fell by 2.17% to -$84.3 million in 2022, then retreated by 0.28% to -$84.6 million in 2023, then rose by 3.52% to -$81.6 million in 2024, then advanced by 12.11% to -$71.7 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$71.7 million, -$34.5 million, and -$81.6 million for Q4 2025, Q2 2025, and Q4 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Innate Pharma 157.68 Mn 157.68 Mn - -71.71 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -71.71 Mn
Jun 30, 2025 -34.47 Mn
Dec 31, 2024 -81.59 Mn
Jun 30, 2024 -43.99 Mn
Dec 31, 2023 -84.56 Mn
Jun 30, 2023 -46.20 Mn
Dec 31, 2022 -84.32 Mn
Jun 30, 2022 -42.21 Mn
Dec 31, 2021 -82.53 Mn
Jun 30, 2021 -46.79 Mn
Dec 31, 2020 -78.17 Mn
Jun 30, 2020 -52.33 Mn
Dec 31, 2019 -119.08 Mn
Jun 30, 2019 -52.21 Mn