KalVista Pharmaceuticals (KALV) Operating Expenses (2014 - 2025)

KalVista Pharmaceuticals (KALV) reported Operating Expenses of $60.4 million for Q3 2025, up 36.68% on a YoY basis from $44.2 million in Q3 2024, and up 9.82% sequentially from $55.0 million in Q2 2025.

KalVista Pharmaceuticals (KALV) Operating Expenses (2014 - 2025) Analysis & Trends

KalVista Pharmaceuticals (KALV) has 12 years of Operating Expenses data on file, last reported at $60.4 million in Q3 2025.

  • For the quarter ending Q3 2025, Operating Expenses rose 36.68% year-over-year to $60.4 million; the trailing twelve-month figure through Jul 2025 stood at $161.3 million (up 3.67% YoY), and the FY2025 full-year result was $188.0 million, up 33.86% from the prior year.
  • Operating Expenses climbed to $60.4 million in Q3 2025, from $55.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $60.4 million in Q3 2025 to a low of $12.7 million in Q1 2021.
  • A 5-year average of $32.5 million and a median of $28.0 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses dropped 11.5% in 2021 and surged 110.82% in 2022, its largest moves.
  • Tracing KALV's Operating Expenses over 5 years: stood at $23.6 million in 2021, then grew by 9.66% to $25.9 million in 2022, then advanced by 14.92% to $29.7 million in 2023, then jumped by 54.01% to $45.8 million in 2024, then surged by 31.92% to $60.4 million in 2025.
  • Business Quant data shows KALV's Operating Expenses at $60.4 million in Q3 2025, $55.0 million in Q2 2025, and $45.8 million in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 KalVista Pharmaceuticals 1.36 Bn 1.36 Bn 49.41 Mn 60.44 Mn

Historic Data

Download Data
DateValue
Jul 31, 2025 60.44 Mn
Apr 30, 2025 55.03 Mn
Oct 31, 2024 45.81 Mn
Jul 31, 2024 44.22 Mn
Apr 30, 2024 48.46 Mn
Jan 31, 2024 33.15 Mn
Oct 31, 2023 29.75 Mn
Jul 31, 2023 29.09 Mn
Apr 30, 2023 31.73 Mn
Jan 31, 2023 26.95 Mn
Oct 31, 2022 25.88 Mn
Jul 31, 2022 26.32 Mn
Apr 30, 2022 26.81 Mn
Jan 31, 2022 26.68 Mn
Oct 31, 2021 23.60 Mn
Jul 31, 2021 19.52 Mn
Apr 30, 2021 18.04 Mn
Jan 31, 2021 12.66 Mn
Oct 31, 2020 12.78 Mn
Jul 31, 2020 14.44 Mn