Invivyd (IVVD) Operating Expenses (2021 - 2026)
Invivyd's (IVVD) quarterly Operating Expenses came in at $60.1 million in Q2 2026, up 123.89% on a YoY basis from $26.8 million in Q2 2025, and up 101.95% quarter-over-quarter from $29.8 million in Q4 2025.
Analysis
Invivyd (IVVD) Operating Expenses (2021 - 2026) Analysis & Trends
Invivyd (IVVD) has reported Operating Expenses for 6 consecutive years, with $60.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 123.89% year-over-year to $60.1 million; the trailing twelve-month figure through Jun 2026 stood at $140.9 million (down 11.81% YoY), and the FY2025 full-year result was $109.0 million, down 46.12% from the prior year.
- Operating Expenses rose to $60.1 million in Q2 2026 per IVVD's latest filing, from $29.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $100.7 million in Q1 2022 and bottomed at $24.2 million in Q3 2025.
- Historically, Operating Expenses has averaged $48.9 million across 5 years, with a median of $47.3 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 160.25% in 2022, then tumbled 66.27% in 2025.
- Over 5 years, Operating Expenses stood at $48.2 million in 2022, then jumped by 59.2% to $76.8 million in 2023, then slumped by 56.94% to $33.0 million in 2024, then fell by 9.95% to $29.8 million in 2025, then jumped by 101.95% to $60.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $60.1 million, $29.8 million, and $24.2 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 236.37 Bn | 222.38 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 187.38 Bn | 184.12 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 138.36 Bn | 130.51 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 85.09 Bn | 77.10 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 63.93 Bn | 58.75 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 58.07 Bn | 52.94 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 35.59 Bn | 32.28 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 32.63 Bn | 31.34 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Insmed | 27.57 Bn | 26.41 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Invivyd | 244.65 Mn | 84.57 Mn | 13.01 Mn | 60.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.11 Mn |
| Dec 31, 2025 | 29.76 Mn |
| Sep 30, 2025 | 24.15 Mn |
| Jun 30, 2025 | 26.85 Mn |
| Mar 31, 2025 | 28.23 Mn |
| Dec 31, 2024 | 33.05 Mn |
| Sep 30, 2024 | 71.61 Mn |
| Jun 30, 2024 | 51.51 Mn |
| Mar 31, 2024 | 46.09 Mn |
| Dec 31, 2023 | 76.75 Mn |
| Sep 30, 2023 | 43.06 Mn |
| Jun 30, 2023 | 53.88 Mn |
| Mar 31, 2023 | 39.07 Mn |
| Dec 31, 2022 | 48.21 Mn |
| Sep 30, 2022 | 47.33 Mn |
| Jun 30, 2022 | 51.75 Mn |
| Mar 31, 2022 | 100.74 Mn |
| Dec 31, 2021 | 83.09 Mn |
| Sep 30, 2021 | 60.42 Mn |
| Jun 30, 2021 | 44.69 Mn |