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

Maravai Lifesciences Holdings (MRVI) recorded quarterly Operating Expenses of $35.9 million in Q1 2026, down 49.94% quarter-over-quarter from $71.6 million in Q4 2025, and down 36.96% on a YoY basis from $56.9 million in Q1 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.

  • In Q1 2026, Operating Expenses fell 36.96% year-over-year to $35.9 million; the TTM figure through Mar 2026 stood at $267.9 million (down 32.13% YoY), while the FY2025 annual figure was $249.3 million, down 27.53% from the prior year.
  • Operating Expenses was $35.9 million for Q1 2026 at Maravai Lifesciences Holdings, down from $71.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $197.8 million in Q3 2024 to a low of -$67.5 million in Q4 2023.
  • Historically, Operating Expenses has averaged $72.1 million across 5 years, with a median of $76.5 million in 2023.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses sank 170.65% in 2023, then jumped 184.64% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $95.5 million in 2022, then slumped 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 plunged by 49.94% to $35.9 million in 2026.
  • The last three Operating Expenses figures came in at $35.9 million (Q1 2026), $71.6 million (Q4 2025), and $46.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 719,706.53 Bn 719,706.50 Bn - 4.33 Mn
2 Belite Bio 55,800.00 Bn 55,800.00 Bn - 32.68 Mn
3 Quantum Biopharma 18,182.30 Bn 18,182.29 Bn - 2.97 Mn
4 Legend Biotech 3,154.00 Bn 3,153.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,844.30 Bn 1,844.29 Bn - 15.76 Mn
6 Evaxion A 1,567.96 Bn 1,567.94 Bn - -3.82 Mn
7 Psyence Biomedical 251.43 Bn 251.42 Bn - 574,669.00
8 Vertex Pharmaceuticals 112.56 Bn 105.31 Bn 2.59 Bn 1.85 Bn
9 Abivax 94.37 Bn 94.37 Bn - -67.40 Mn
10 Maravai Lifesciences Holdings 737.25 Mn 728.85 Mn 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