Keros Therapeutics (KROS) Operating Expenses (2019 - 2026)
Keros Therapeutics' (KROS) quarterly Operating Expenses came in at $30.9 million in Q2 2026, down 46.65% on a YoY basis from $58.0 million in Q2 2025, and up 4.32% quarter-over-quarter from $29.7 million in Q4 2025.
Analysis
Keros Therapeutics (KROS) Operating Expenses (2019 - 2026) Analysis & Trends
Keros Therapeutics (KROS) has reported Operating Expenses for 8 consecutive years, with $30.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 46.65% year-over-year to $30.9 million; the trailing twelve-month figure through Jun 2026 stood at $148.2 million (down 36.26% YoY), and the FY2025 full-year result was $176.5 million, down 17.67% from the prior year.
- Operating Expenses improved to $30.9 million in Q2 2026 per KROS's latest filing, from $29.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $59.2 million in Q1 2025 and bottomed at $24.1 million in Q1 2022.
- Historically, Operating Expenses has averaged $41.6 million across 5 years, with a median of $41.3 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 96.46% in 2022, then tumbled 49.79% in 2025.
- Over 5 years, Operating Expenses stood at $32.0 million in 2022, then surged by 45.8% to $46.6 million in 2023, then gained by 20.81% to $56.3 million in 2024, then slumped by 47.32% to $29.7 million in 2025, then rose by 4.32% to $30.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $30.9 million, $29.7 million, and $29.6 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 | 206.38 Bn | 192.39 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 180.22 Bn | 177.04 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 131.28 Bn | 123.42 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 81.96 Bn | 73.97 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 60.49 Bn | 55.30 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 53.90 Bn | 48.76 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.41 Bn | 30.11 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.84 Bn | 30.56 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 29.08 Bn | 29.08 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Keros Therapeutics | 219.78 Mn | -37.82 Mn | - | 30.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.94 Mn |
| Dec 31, 2025 | 29.66 Mn |
| Sep 30, 2025 | 29.65 Mn |
| Jun 30, 2025 | 57.99 Mn |
| Mar 31, 2025 | 59.21 Mn |
| Dec 31, 2024 | 56.30 Mn |
| Sep 30, 2024 | 59.05 Mn |
| Jun 30, 2024 | 50.48 Mn |
| Mar 31, 2024 | 48.57 Mn |
| Dec 31, 2023 | 46.60 Mn |
| Sep 30, 2023 | 43.29 Mn |
| Jun 30, 2023 | 41.34 Mn |
| Mar 31, 2023 | 38.87 Mn |
| Dec 31, 2022 | 31.96 Mn |
| Sep 30, 2022 | 27.98 Mn |
| Jun 30, 2022 | 30.73 Mn |
| Mar 31, 2022 | 24.13 Mn |
| Dec 31, 2021 | 24.87 Mn |
| Sep 30, 2021 | 20.20 Mn |
| Jun 30, 2021 | 15.64 Mn |