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
DateValue
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