Ovid Therapeutics (OVID) Operating Expenses (2016 - 2026)
Ovid Therapeutics (OVID) reported Operating Expenses of $17.8 million for Q1 2026, up 40.74% on a YoY basis from $12.7 million in Q1 2025, and up 37.16% quarter-over-quarter from $13.0 million in Q4 2025.
Ovid Therapeutics (OVID) Operating Expenses (2016 - 2026) Analysis & Trends
Ovid Therapeutics has reported Operating Expenses for 11 years, with the latest figure at $17.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 40.74% year-over-year to $17.8 million; the trailing twelve-month figure through Mar 2026 stood at $54.9 million (down 4.7% YoY), and the FY2025 full-year result was $49.7 million, down 20.43% from the prior year.
- Operating Expenses for Q1 2026 stood at $17.8 million, up from $13.0 million in the prior quarter.
- The five-year high for Operating Expenses was $20.7 million in Q2 2024, with the low at $10.8 million in Q4 2024.
- Historically, Operating Expenses has averaged $14.5 million across 5 years, with a median of $13.4 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 53.63% — and 2023, when it surged 50.01%.
- Ovid Therapeutics' Operating Expenses stood at $12.2 million in 2022, then surged by 50.01% to $18.3 million in 2023, then sank by 41.09% to $10.8 million in 2024, then rose by 20.49% to $13.0 million in 2025, then soared by 37.16% to $17.8 million in 2026.
- The last three Operating Expenses figures came in at $17.8 million (Q1 2026), $13.0 million (Q4 2025), and $12.7 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 | Ovid Therapeutics | 311.83 Mn | 156.31 Mn | - | 17.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.85 Mn |
| Dec 31, 2025 | 13.01 Mn |
| Sep 30, 2025 | 12.66 Mn |
| Jun 30, 2025 | 11.35 Mn |
| Mar 31, 2025 | 12.68 Mn |
| Dec 31, 2024 | 10.80 Mn |
| Sep 30, 2024 | 13.40 Mn |
| Jun 30, 2024 | 20.69 Mn |
| Mar 31, 2024 | 17.57 Mn |
| Dec 31, 2023 | 18.33 Mn |
| Sep 30, 2023 | 12.14 Mn |
| Jun 30, 2023 | 14.25 Mn |
| Mar 31, 2023 | 14.96 Mn |
| Dec 31, 2022 | 12.22 Mn |
| Sep 30, 2022 | 12.81 Mn |
| Jun 30, 2022 | 14.30 Mn |
| Mar 31, 2022 | 17.71 Mn |
| Dec 31, 2021 | 26.35 Mn |
| Sep 30, 2021 | 11.68 Mn |
| Jun 30, 2021 | 14.31 Mn |