Mineralys Therapeutics (MLYS) Operating Expenses (2022 - 2026)
Quarterly results put Operating Expenses at $45.3 million for Q1 2026, up 2.01% from a year ago — trailing twelve months through Mar 2026 was $171.5 million (down 14.88% YoY), and the annual figure for FY2025 was $170.6 million, down 11.33%.
Mineralys Therapeutics has reported Operating Expenses over the past 5 years, most recently at $45.3 million for Q1 2026.
- Operating Expenses reached $45.3 million in Q1 2026 per MLYS's latest filing, up from $38.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $60.1 million in Q3 2024 and bottomed at $6.5 million in Q2 2022.
- Median Operating Expenses over the past 5 years was $35.4 million (2024), compared with a mean of $30.9 million.
- The largest annual shift saw Operating Expenses skyrocketed 253.94% in 2023 before it crashed 31.57% in 2025.
- Over 5 years, Operating Expenses stood at $10.0 million in 2022, then soared by 176.89% to $27.7 million in 2023, then surged by 86.81% to $51.8 million in 2024, then decreased by 26.05% to $38.3 million in 2025, then grew by 18.44% to $45.3 million in 2026.
- Business Quant data shows Operating Expenses for MLYS at $45.3 million in Q1 2026, $38.3 million in Q4 2025, and $41.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 1,384,976.65 Bn | 1,384,976.64 Bn | - | 2.97 Mn |
| 2 | Alterity Therapeutics | 777,208.84 Bn | 777,208.81 Bn | - | 4.33 Mn |
| 3 | Legend Biotech | 2,801.00 Bn | 2,800.10 Bn | 242.10 Mn | -138.30 Mn |
| 4 | Nanobiotix | 2,226.01 Bn | 2,225.95 Bn | - | - |
| 5 | Akari Therapeutics | 605.66 Bn | 605.66 Bn | - | 15.76 Mn |
| 6 | Vertex Pharmaceuticals | 110.17 Bn | 102.92 Bn | 2.59 Bn | 1.85 Bn |
| 7 | Regeneron Pharmaceuticals | 66.86 Bn | 58.11 Bn | 3.31 Bn | 2.96 Bn |
| 8 | Evaxion A | 65.12 Bn | 65.10 Bn | - | -3.82 Mn |
| 9 | Alnylam Pharmaceuticals | 39.94 Bn | 36.94 Bn | 959.66 Mn | 898.54 Mn |
| 10 | Mineralys Therapeutics | 2.50 Bn | 2.50 Bn | - | 45.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.34 Mn |
| Dec 31, 2025 | 38.28 Mn |
| Sep 30, 2025 | 41.13 Mn |
| Jun 30, 2025 | 46.75 Mn |
| Mar 31, 2025 | 44.45 Mn |
| Dec 31, 2024 | 51.77 Mn |
| Sep 30, 2024 | 60.11 Mn |
| Jun 30, 2024 | 45.17 Mn |
| Mar 31, 2024 | 35.36 Mn |
| Dec 31, 2023 | 27.71 Mn |
| Sep 30, 2023 | 26.27 Mn |
| Jun 30, 2023 | 15.74 Mn |
| Mar 31, 2023 | 14.94 Mn |
| Dec 31, 2022 | 10.01 Mn |
| Sep 30, 2022 | 7.42 Mn |
| Jun 30, 2022 | 6.48 Mn |
| Mar 31, 2022 | 7.57 Mn |