Ironwood Pharmaceuticals (IRWD) Operating Expenses (2010 - 2026)
Ironwood Pharmaceuticals (IRWD) reported Operating Expenses of $33.73 million for Q2 2026, down 15.5% from $39.92 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Ironwood Pharmaceuticals (IRWD) Operating Expenses (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ironwood Pharmaceuticals' Operating Expenses came in at $155.15 million, down 34.0% year-over-year; for FY2025, it came in at $197.65 million, down 23.5% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of -4.3% (FY2020 to FY2025).
- By year, Operating Expenses came in at $258.29 million in FY2024 (-81.4%), $1.39 billion in FY2023 (+766.2%), $160.26 million in FY2022 (-11.7%) and $181.49 million in FY2021 (-26.4%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q2 2011.
- Year over year, Operating Expenses has now declined in each of the last five quarters, with an average decline of 24.6% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q4 2023 (growth of 105.9%); the low point was Q2 2024 (a decline of 94.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $33.93 million (Q1 2026), $40.9 million (Q4 2025) and $46.58 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Ironwood Pharmaceuticals | 687.40 Mn | 31.94 Mn | - | 33.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.73 Mn |
| 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 |
API Access
Ironwood Pharmaceuticals Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IRWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IRWD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IRWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();