Ocular Therapeutix (OCUL) Operating Expenses (2013 - 2026)

Ocular Therapeutix's (OCUL) quarterly Operating Expenses came in at $104.1 million in Q1 2026, up 39.55% year-on-year from $74.6 million in Q1 2025, and up 25.44% quarter-over-quarter from $83.0 million in Q4 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.

  • On a quarterly basis, Operating Expenses rose 39.55% year-over-year to $104.1 million in Q1 2026; TTM through Mar 2026 was $351.5 million, a 33.27% increase from a year earlier, with the FY2025 full-year figure at $322.0 million, up 36.71% from the prior year.
  • Operating Expenses advanced to $104.1 million in Q1 2026 per OCUL's latest filing, from $83.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $104.1 million in Q1 2026 and bottomed at $31.0 million in Q1 2022.
  • The 5-year median for Operating Expenses is $46.4 million (2024), against an average of $54.9 million.
  • Across the five-year window, Operating Expenses advanced 0.73% in 2022 and soared 94.14% in 2024, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest OCUL Operating Expenses figures stand at $104.1 million (Q1 2026), $83.0 million (Q4 2025), and $83.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Ocular Therapeutix 1.91 Bn 1.91 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