Maravai Lifesciences Holdings (MRVI) Operating Expenses (2020 - 2026)

Maravai Lifesciences Holdings' (MRVI) quarterly Operating Expenses came in at $35.9 million in Q1 2026, down 36.96% year-on-year from $56.9 million in Q1 2025, and down 49.94% quarter-over-quarter from $71.6 million in Q4 2025.

Maravai Lifesciences Holdings (MRVI) Operating Expenses (2020 - 2026) Analysis & Trends

Maravai Lifesciences Holdings' Operating Expenses history runs 7 years deep, the most recent figure standing at $35.9 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 36.96% year-over-year to $35.9 million in Q1 2026; TTM through Mar 2026 was $267.9 million, a 32.13% decrease from a year earlier, with the FY2025 full-year figure at $249.3 million, down 27.53% from the prior year.
  • Operating Expenses eased to $35.9 million in Q1 2026 per MRVI's latest filing, from $71.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $197.8 million in Q3 2024 and bottomed at -$67.5 million in Q4 2023.
  • The 5-year median for Operating Expenses is $76.5 million (2023), against an average of $72.1 million.
  • Across the five-year window, Operating Expenses sank 170.65% in 2023 and soared 184.64% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $95.5 million in 2022, then plunged by 170.65% to -$67.5 million in 2023, then surged by 184.64% to $57.1 million in 2024, then increased by 25.48% to $71.6 million in 2025, then slumped by 49.94% to $35.9 million in 2026.
  • Per Business Quant, the three latest MRVI Operating Expenses figures stand at $35.9 million (Q1 2026), $71.6 million (Q4 2025), and $46.7 million (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 Maravai Lifesciences Holdings 1.03 Bn 1.02 Bn 33.70 Mn 35.86 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.86 Mn
Dec 31, 2025 71.64 Mn
Sep 30, 2025 46.69 Mn
Jun 30, 2025 113.68 Mn
Mar 31, 2025 56.89 Mn
Dec 31, 2024 57.09 Mn
Sep 30, 2024 197.85 Mn
Jun 30, 2024 82.86 Mn
Mar 31, 2024 83.04 Mn
Dec 31, 2023 -67.45 Mn
Sep 30, 2023 82.28 Mn
Jun 30, 2023 80.53 Mn
Mar 31, 2023 76.49 Mn
Dec 31, 2022 95.47 Mn
Sep 30, 2022 74.36 Mn
Jun 30, 2022 62.03 Mn
Mar 31, 2022 76.93 Mn
Dec 31, 2021 73.90 Mn
Sep 30, 2021 49.43 Mn
Jun 30, 2021 64.24 Mn