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| Date | Value |
|---|---|
| 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 |