Oatly Group AB (OTLY) Operating Expenses (2020 - 2026)
Oatly Group AB (OTLY) posted quarterly Operating Expenses of -$98.6 million for Q2 2026, down 12.89% year-over-year from -$113.2 million in Q2 2025, and down 11.58% quarter-over-quarter from -$88.3 million in Q1 2026.
Oatly Group AB (OTLY) Operating Expenses (2020 - 2026) Analysis & Trends
Oatly Group AB (OTLY) has reported Operating Expenses for 7 consecutive years, with -$98.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 12.89% year-over-year to -$98.6 million; the TTM figure through Jun 2026 stood at -$355.5 million (down 110.93% YoY), while the FY2025 annual figure was $339.2 million, down 96.02% from the prior year.
- Operating Expenses eased to -$98.6 million in Q2 2026 per OTLY's latest filing, from -$88.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $3.5 billion in Q4 2024 and bottomed at -$112.0 million in Q2 2023.
- Historically, Operating Expenses has averaged $428.4 million across 5 years, with a median of -$89.8 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 2745.04% — and 2025, when it slumped 102.53%.
- Oatly Group AB's Operating Expenses stood at $3.3 billion in 2022, then decreased by 29.29% to $2.3 billion in 2023, then soared by 50.7% to $3.5 billion in 2024, then plunged by 102.53% to -$88.9 million in 2025, then dropped by 10.84% to -$98.6 million in 2026.
- Business Quant data shows OTLY's Operating Expenses at -$98.6 million in Q2 2026, -$88.3 million in Q1 2026, and -$88.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 8.46 Bn |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 441.80 Mn |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 3.83 Bn |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 318.62 Mn |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 362.30 Mn |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 1.52 Bn |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 191.00 Mn |
| 10 | Oatly Group AB | 448.56 Mn | 403.92 Mn | 81.36 Mn | -98.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -98.58 Mn |
| Mar 31, 2026 | -88.35 Mn |
| Dec 31, 2025 | -88.94 Mn |
| Sep 30, 2025 | -79.67 Mn |
| Jun 30, 2025 | -87.32 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 |