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
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