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| Date | Value |
|---|---|
| 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 |