Nuvalent (NUVL) Operating Expenses (2020 - 2026)

Nuvalent's Operating Expenses history runs 7 years deep, the most recent figure standing at $119.4 million for Q1 2026.

• Quarterly Operating Expenses rose 25.94% year-over-year to $119.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $337.7 million (up 2907.32% YoY) and the FY2025 annual result came in at $414.3 million, up 2265.98% from the prior year.
• Operating Expenses was $119.4 million for Q1 2026 at Nuvalent, up from $102.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $119.4 million in Q1 2026 and bottomed at -$176.6 million in Q4 2024.
• A 5-year average of $23.2 million and a median of $30.2 million in 2023 frame the typical range for Operating Expenses.
• Peak annual rise in Operating Expenses reached 187.05% in 2022, while the deepest fall reached 385.92% in 2022.
• Nuvalent's Operating Expenses stood at -$49.7 million in 2022, then sank by 88.71% to -$93.8 million in 2023, then slumped by 88.3% to -$176.6 million in 2024, then jumped by 157.9% to $102.2 million in 2025, then advanced by 16.8% to $119.4 million in 2026.
• Business Quant data shows NUVL's Operating Expenses at $119.4 million in Q1 2026, $102.2 million in Q4 2025, and $11.5 million in Q3 2025.