Pharming (PHAR) Operating Expenses (2020 - 2026)
Pharming (PHAR) posted Operating Expenses of -$40.8 million for Q1 2026, down 78260936.47% on a QoQ basis from -$52.1 in Q4 2025, and up 6.54% year-over-year from -$38.3 million in Q1 2025.
Pharming (PHAR) Operating Expenses (2020 - 2026) Analysis & Trends
Pharming's Operating Expenses history runs 7 years deep, the most recent figure standing at -$40.8 million for Q1 2026.
- Quarterly Operating Expenses rose 6.54% year-over-year to -$40.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$128.6 million (up 34.92% YoY) and the FY2025 annual result came in at $411.7 million, up 15.74% from the prior year.
- Operating Expenses was -$40.8 million for Q1 2026 at Pharming, down from -$52.1 in the prior quarter.
- Across five years, Operating Expenses topped out at -$36.0 in Q3 2024 and bottomed at -$87.8 million in Q2 2025.
- A 5-year average of -$41.0 million and a median of -$36.5 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 241.44% — and 2025, when it jumped 100.0%.
- Pharming's Operating Expenses stood at -$81.0 million in 2022, then jumped by 31.02% to -$55.9 million in 2023, then slumped by 48.8% to -$83.1 million in 2024, then soared by 100.0% to -$52.1 in 2025, then plunged by 78260936.47% to -$40.8 million in 2026.
- Business Quant data shows PHAR's Operating Expenses at -$40.8 million in Q1 2026, -$52.1 in Q4 2025, and -$40.4 in 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 | Pharming | 8.69 Bn | 8.64 Bn | 65.80 Mn | -40.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -40.77 Mn |
| Dec 31, 2025 | -52.10 |
| Sep 30, 2025 | -40.40 |
| Jun 30, 2025 | -87.83 Mn |
| Mar 31, 2025 | -43.63 Mn |
| Dec 31, 2024 | -83.15 Mn |
| Sep 30, 2024 | -36.00 |
| Jun 30, 2024 | -70.83 Mn |
| Mar 31, 2024 | -33.61 Mn |
| Dec 31, 2023 | -55.88 Mn |
| Sep 30, 2023 | -31.64 Mn |
| Jun 30, 2023 | -36.53 Mn |
| Mar 31, 2023 | -25.60 Mn |
| Dec 31, 2022 | -81.00 Mn |
| Sep 30, 2022 | -24.30 Mn |
| Dec 31, 2021 | 57.27 Mn |
| Sep 30, 2021 | -20.75 Mn |
| Dec 31, 2020 | 44.62 Mn |
| Sep 30, 2020 | -14.69 Mn |