Ocular Therapeutix (OCUL) Operating Expenses (2013 - 2026)
Ocular Therapeutix (OCUL) recorded quarterly Operating Expenses of $104.1 million in Q1 2026, up 25.44% quarter-over-quarter from $83.0 million in Q4 2025, and up 39.55% on a YoY basis from $74.6 million in Q1 2025.
Ocular Therapeutix (OCUL) Operating Expenses (2013 - 2026) Analysis & Trends
Ocular Therapeutix's Operating Expenses history runs 14 years deep, the most recent figure standing at $104.1 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 39.55% year-over-year to $104.1 million; the TTM figure through Mar 2026 stood at $351.5 million (up 33.27% YoY), while the FY2025 annual figure was $322.0 million, up 36.71% from the prior year.
- Operating Expenses was $104.1 million for Q1 2026 at Ocular Therapeutix, up from $83.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $104.1 million in Q1 2026 to a low of $31.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $54.9 million across 5 years, with a median of $46.4 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses rose 0.73% in 2022, then jumped 94.14% in 2024.
- A 5-year view of Operating Expenses shows it stood at $33.4 million in 2022, then gained by 4.23% to $34.9 million in 2023, then soared by 94.14% to $67.7 million in 2024, then rose by 22.69% to $83.0 million in 2025, then climbed by 25.44% to $104.1 million in 2026.
- The last three Operating Expenses figures came in at $104.1 million (Q1 2026), $83.0 million (Q4 2025), and $83.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -3.82 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 15.76 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -67.40 Mn |
| 10 | Ocular Therapeutix | 2.12 Bn | 2.12 Bn | 9.46 Mn | 104.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 104.13 Mn |
| Dec 31, 2025 | 83.01 Mn |
| Sep 30, 2025 | 83.24 Mn |
| Jun 30, 2025 | 81.10 Mn |
| Mar 31, 2025 | 74.62 Mn |
| Dec 31, 2024 | 67.66 Mn |
| Sep 30, 2024 | 61.42 Mn |
| Jun 30, 2024 | 60.03 Mn |
| Mar 31, 2024 | 46.39 Mn |
| Dec 31, 2023 | 34.85 Mn |
| Sep 30, 2023 | 34.30 Mn |
| Jun 30, 2023 | 35.76 Mn |
| Mar 31, 2023 | 35.92 Mn |
| Dec 31, 2022 | 33.44 Mn |
| Sep 30, 2022 | 33.51 Mn |
| Jun 30, 2022 | 32.18 Mn |
| Mar 31, 2022 | 31.02 Mn |
| Dec 31, 2021 | 30.36 Mn |
| Sep 30, 2021 | 31.68 Mn |
| Jun 30, 2021 | 31.95 Mn |