NRX Pharmaceuticals (NRXP) Operating Expenses (2017 - 2026)

NRX Pharmaceuticals' (NRXP) quarterly Operating Expenses came in at $5.8 million in Q1 2026, up 51.03% year-on-year from $3.8 million in Q1 2025, and up 3.62% on a QoQ basis from $5.6 million in Q4 2025.

NRX Pharmaceuticals (NRXP) Operating Expenses (2017 - 2026) Analysis & Trends

NRX Pharmaceuticals (NRXP) has 10 years of Operating Expenses data on file, last reported at $5.8 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 51.03% year-over-year to $5.8 million in Q1 2026; TTM through Mar 2026 was $19.4 million, a 18.73% increase from a year earlier, with the FY2025 full-year figure at $17.4 million, down 5.69% from the prior year.
  • Operating Expenses for Q1 2026 stood at $5.8 million, up from $5.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for NRXP reached as high as $15.7 million in Q1 2022 and fell as low as $2.4 million in Q4 2024.
  • Historically, Operating Expenses has averaged $6.4 million across 5 years, with a median of $5.8 million in 2023.
  • Across the five-year window, Operating Expenses tumbled 81.33% in 2022 and soared 130.55% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $9.9 million in 2022, then slumped by 55.44% to $4.4 million in 2023, then sank by 44.8% to $2.4 million in 2024, then surged by 130.55% to $5.6 million in 2025, then gained by 3.62% to $5.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $5.8 million in Q1 2026, $5.6 million in Q4 2025, and $4.3 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 NRX Pharmaceuticals 137.57 Mn 130.87 Mn 437,000.00 5.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 5.81 Mn
Dec 31, 2025 5.61 Mn
Sep 30, 2025 4.27 Mn
Jun 30, 2025 3.73 Mn
Mar 31, 2025 3.85 Mn
Dec 31, 2024 2.43 Mn
Sep 30, 2024 3.02 Mn
Jun 30, 2024 7.05 Mn
Mar 31, 2024 6.00 Mn
Dec 31, 2023 4.41 Mn
Sep 30, 2023 5.81 Mn
Jun 30, 2023 8.19 Mn
Mar 31, 2023 3.85 Mn
Dec 31, 2022 9.89 Mn
Sep 30, 2022 9.14 Mn
Jun 30, 2022 9.60 Mn
Mar 31, 2022 15.71 Mn
Dec 31, 2021 52.98 Mn
Sep 30, 2021 20.10 Mn
Jun 30, 2021 17.12 Mn