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
DateValue
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