Seres Therapeutics (MCRB) Operating Expenses (2014 - 2026)
Seres Therapeutics' (MCRB) quarterly Operating Expenses came in at $22.0 million in Q2 2026, down 11.54% year-over-year from $24.9 million in Q2 2025, and up 3.5% quarter-over-quarter from $21.3 million in Q1 2026.
Analysis
Seres Therapeutics (MCRB) Operating Expenses (2014 - 2026) Analysis & Trends
Seres Therapeutics has disclosed Operating Expenses across 13 years of filings, most recently posting $22.0 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 11.54% year-over-year to $22.0 million; the TTM figure through Jun 2026 stood at $85.9 million (down 21.98% YoY), while the FY2025 annual figure was $94.8 million, down 21.89% from the prior year.
- Operating Expenses came in at $22.0 million for Q2 2026 at Seres Therapeutics, up from $21.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $76.9 million in Q2 2023 to a low of -$4.4 million in Q4 2022.
- Average Operating Expenses over 5 years is $37.1 million, with a median of $29.0 million recorded in 2024.
- Year-over-year, Operating Expenses plunged 107.81% in 2022 and soared 937.27% in 2023.
- Over 5 years, Operating Expenses stood at -$4.4 million in 2022, then soared by 937.27% to $37.0 million in 2023, then slipped by 22.12% to $28.8 million in 2024, then plunged by 31.28% to $19.8 million in 2025, then gained by 11.07% to $22.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $22.0 million in Q2 2026, $21.3 million in Q1 2026, and $19.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.44 Bn | 192.45 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 179.97 Bn | 176.79 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 130.57 Bn | 122.72 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 54.37 Bn | 49.23 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.07 Bn | 29.76 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.84 Bn | 30.55 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 29.49 Bn | 29.49 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Seres Therapeutics | 49.89 Mn | 49.89 Mn | - | 22.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.01 Mn |
| Mar 31, 2026 | 21.27 Mn |
| Dec 31, 2025 | 19.82 Mn |
| Sep 30, 2025 | 22.83 Mn |
| Jun 30, 2025 | 24.88 Mn |
| Mar 31, 2025 | 27.24 Mn |
| Dec 31, 2024 | 28.84 Mn |
| Sep 30, 2024 | 29.17 Mn |
| Jun 30, 2024 | 28.87 Mn |
| Mar 31, 2024 | 34.44 Mn |
| Dec 31, 2023 | 37.02 Mn |
| Sep 30, 2023 | 44.59 Mn |
| Jun 30, 2023 | 76.95 Mn |
| Mar 31, 2023 | 70.05 Mn |
| Dec 31, 2022 | -4.42 Mn |
| Sep 30, 2022 | 62.55 Mn |
| Jun 30, 2022 | 64.54 Mn |
| Mar 31, 2022 | 57.24 Mn |
| Dec 31, 2021 | 56.65 Mn |
| Sep 30, 2021 | 58.32 Mn |