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

Ironwood Pharmaceuticals' (IRWD) quarterly Operating Expenses came in at $33.9 million in Q1 2026, down 51.7% year-on-year from $70.3 million in Q1 2025, and down 17.04% quarter-over-quarter from $40.9 million in Q4 2025.

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

Ironwood Pharmaceuticals has disclosed Operating Expenses across 17 years of filings, most recently posting $33.9 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $33.9 million, down 51.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $161.3 million (down 39.05% YoY), and the FY2025 annual result was $197.6 million, down 23.48% from the prior year.
  • Operating Expenses came in at $33.9 million for Q1 2026 at Ironwood Pharmaceuticals, down 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.
  • The 5-year median for Operating Expenses is $46.6 million (2025), against an average of $119.9 million.
  • Across the five-year window, Operating Expenses soared 2763.48% in 2023 and tumbled 94.17% in 2024, its largest moves.
  • Ironwood Pharmaceuticals' Operating Expenses stood at $38.8 million in 2022, then soared by 105.9% to $80.0 million in 2023, then decreased by 26.15% to $59.1 million in 2024, then tumbled by 30.73% to $40.9 million in 2025, then declined by 17.04% to $33.9 million in 2026.
  • The last three Operating Expenses figures came in at $33.9 million (Q1 2026), $40.9 million (Q4 2025), and $46.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 526.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 788.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 455.70 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 19.40 Mn
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 621.10 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 478.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 441.19 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 475.11 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 96.91 Mn
10 Ironwood Pharmaceuticals 526.31 Mn 305.84 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