Ironwood Pharmaceuticals (IRWD) Operating Expenses (2010 - 2026)

Ironwood Pharmaceuticals (IRWD) reported Operating Expenses of $33.9 million for Q1 2026, down 51.7% on a YoY basis from $70.3 million in Q1 2025, and down 17.04% sequentially from $40.9 million in Q4 2025.

Ironwood Pharmaceuticals (IRWD) Operating Expenses (2010 - 2026) Analysis & Trends

Ironwood Pharmaceuticals (IRWD) has 17 years of Operating Expenses data on file, last reported at $33.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 51.7% year-over-year to $33.9 million; the trailing twelve-month figure through Mar 2026 stood at $161.3 million (down 39.05% YoY), and the FY2025 full-year result was $197.6 million, down 23.48% from the prior year.
  • Operating Expenses fell to $33.9 million in Q1 2026, from $40.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q2 2023 to a low of $33.9 million in Q1 2026.
  • A 5-year average of $119.9 million and a median of $46.6 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 2763.48% in 2023 and sank 94.17% in 2024, its largest moves.
  • Tracing IRWD's Operating Expenses over 5 years: stood at $38.8 million in 2022, then surged by 105.9% to $80.0 million in 2023, then retreated by 26.15% to $59.1 million in 2024, then plunged by 30.73% to $40.9 million in 2025, then dropped by 17.04% to $33.9 million in 2026.
  • Business Quant data shows IRWD's Operating Expenses at $33.9 million in Q1 2026, $40.9 million in Q4 2025, and $46.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 455.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 494.00 Mn
10 Ironwood Pharmaceuticals 619.48 Mn 399.01 Mn - 33.93 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 33.93 Mn
Dec 31, 2025 40.90 Mn
Sep 30, 2025 46.58 Mn
Jun 30, 2025 39.92 Mn
Mar 31, 2025 70.25 Mn
Dec 31, 2024 59.05 Mn
Sep 30, 2024 65.96 Mn
Jun 30, 2024 69.42 Mn
Mar 31, 2024 63.86 Mn
Dec 31, 2023 79.96 Mn
Sep 30, 2023 73.72 Mn
Jun 30, 2023 1.19 Bn
Mar 31, 2023 43.96 Mn
Dec 31, 2022 38.84 Mn
Sep 30, 2022 40.16 Mn
Jun 30, 2022 41.58 Mn
Mar 31, 2022 39.68 Mn
Dec 31, 2021 60.54 Mn
Sep 30, 2021 38.58 Mn
Jun 30, 2021 38.93 Mn