Oatly Group AB (OTLY) Operating Expenses (2020 - 2026)
Oatly Group AB's (OTLY) quarterly Operating Expenses came in at -$88.3 million in Q1 2026, down 7.89% year-on-year from -$95.9 million in Q1 2025, and up 0.67% on a QoQ basis from -$88.9 million in Q4 2025.
Oatly Group AB (OTLY) Operating Expenses (2020 - 2026) Analysis & Trends
Oatly Group AB (OTLY) has 7 years of Operating Expenses data on file, last reported at -$88.3 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 7.89% year-over-year to -$88.3 million in Q1 2026; TTM through Mar 2026 was -$345.7 million, a 110.66% decrease from a year earlier, with the FY2025 full-year figure at $339.2 million, down 96.02% from the prior year.
- Operating Expenses for Q1 2026 stood at -$88.3 million, up from -$88.9 million in the prior quarter.
- Over the last five years, Operating Expenses for OTLY reached as high as $3.5 billion in Q4 2024 and fell as low as -$112.0 million in Q2 2023.
- Historically, Operating Expenses has averaged $459.3 million across 5 years, with a median of -$88.9 million in 2025.
- Across the five-year window, Operating Expenses jumped 2745.04% in 2022 and plunged 102.53% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $3.3 billion in 2022, then dropped by 29.29% to $2.3 billion in 2023, then surged by 50.7% to $3.5 billion in 2024, then plunged by 102.53% to -$88.9 million in 2025, then gained by 0.67% to -$88.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$88.3 million in Q1 2026, -$88.9 million in Q4 2025, and -$79.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 1.07 Bn |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 318.62 Mn |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 441.80 Mn |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 180.00 Mn |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 1.43 Bn |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | -88.35 Mn |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 401.10 Mn |
| 10 | Lamb Weston Holdings | 6.87 Bn | 6.81 Bn | 331.60 Mn | 205.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -88.35 Mn |
| Dec 31, 2025 | -88.94 Mn |
| Sep 30, 2025 | -79.67 Mn |
| Jun 30, 2025 | -88.72 Mn |
| Mar 31, 2025 | -81.89 Mn |
| Dec 31, 2024 | 3.51 Bn |
| Sep 30, 2024 | -90.61 Mn |
| Jun 30, 2024 | -95.16 Mn |
| Mar 31, 2024 | -83.38 Mn |
| Dec 31, 2023 | 2.33 Bn |
| Sep 30, 2023 | -94.99 Mn |
| Jun 30, 2023 | -112.02 Mn |
| Mar 31, 2023 | -104.57 Mn |
| Dec 31, 2022 | 3.30 Bn |
| Sep 30, 2022 | -109.01 Mn |
| Jun 30, 2022 | -102.78 Mn |
| Mar 31, 2022 | -108.34 Mn |
| Dec 31, 2021 | -124.58 Mn |
| Sep 30, 2021 | -89.14 Mn |
| Jun 30, 2021 | -87.08 Mn |