Mineralys Therapeutics (MLYS) Operating Expenses (2022 - 2026)
Mineralys Therapeutics (MLYS) reported Operating Expenses of $45.3 million for Q1 2026, up 2.01% on a YoY basis from $44.4 million in Q1 2025, and up 18.44% sequentially from $38.3 million in Q4 2025.
Mineralys Therapeutics (MLYS) Operating Expenses (2022 - 2026) Analysis & Trends
Mineralys Therapeutics (MLYS) has 5 years of Operating Expenses data on file, last reported at $45.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2.01% year-over-year to $45.3 million; the trailing twelve-month figure through Mar 2026 stood at $171.5 million (down 14.88% YoY), and the FY2025 full-year result was $170.6 million, down 11.33% from the prior year.
- Operating Expenses advanced to $45.3 million in Q1 2026, from $38.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $60.1 million in Q3 2024 to a low of $6.5 million in Q2 2022.
- A 5-year average of $30.9 million and a median of $35.4 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 253.94% in 2023 and sank 31.57% in 2025, its largest moves.
- Tracing MLYS's Operating Expenses over 5 years: stood at $10.0 million in 2022, then surged by 176.89% to $27.7 million in 2023, then jumped by 86.81% to $51.8 million in 2024, then retreated by 26.05% to $38.3 million in 2025, then climbed by 18.44% to $45.3 million in 2026.
- Business Quant data shows MLYS's Operating Expenses 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 | 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 | Mineralys Therapeutics | 2.24 Bn | 2.24 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 |