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| Date | Value |
|---|---|
| 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 |