Pharming PHAR
NASDAQ PHAR
$11.34 -0.12 (-1.05%)
As of: Sep 4, 2026 · 11:24 AM EDT

Pharming (PHAR) Operating Expenses (2020 - 2026)

Pharming's (PHAR) quarterly Operating Expenses came in at -$88.0 million in Q2 2026, little changed YoY from -$88.1 million in Q2 2025, and down 115.78% on a QoQ basis from -$40.8 million in Q1 2026.

Analysis

Pharming (PHAR) Operating Expenses (2020 - 2026) Analysis & Trends

Pharming (PHAR) has 7 years of Operating Expenses data on file, last reported at -$88.0 million in Q2 2026.

  • Quarterly Operating Expenses changed 0.18% year-over-year to -$88.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$309.1 million (down 8.35% YoY) and the FY2025 annual result came in at $411.7 million, up 15.74% from the prior year.
  • Operating Expenses fell to -$88.0 million in Q2 2026, from -$40.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$31.9 in Q2 2023 to a low of -$180.3 million in Q4 2025.
  • A 5-year average of -$54.9 million and a median of -$37.2 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses surged 100.0% — and 2024, when it slumped 222021843.57%.
  • Tracing PHAR's Operating Expenses over 5 years: stood at -$98.5 million in 2022, then soared by 100.0% to -$89.2 in 2023, then tumbled by 172418061.43% to -$153.8 million in 2024, then declined by 17.25% to -$180.3 million in 2025, then surged by 51.21% to -$88.0 million in 2026.
  • The last three Operating Expenses figures came in at -$88.0 million (Q2 2026), -$40.8 million (Q1 2026), and -$180.3 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.87 Bn 131.01 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.57 Bn 77.57 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.51 Bn 58.32 Bn 1.37 Bn -1.05 Bn
4 Moderna 58.19 Bn 53.05 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.07 Bn 44.07 Bn - 505.13 Mn
6 BeOne Medicines 39.99 Bn 34.89 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.38 Bn 32.07 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.42 Bn 27.58 Bn - 541.02 Mn
9 Insmed 27.41 Bn 26.25 Bn 358.27 Mn 427.03 Mn
10 Pharming 781.07 Mn 621.57 Mn 141.47 Mn -87.98 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -87.98 Mn
Mar 31, 2026 -40.76 Mn
Dec 31, 2025 -52.10
Sep 30, 2025 -40.40 Mn
Mar 31, 2025 -43.59 Mn
Dec 31, 2024 -106.80 Mn
Sep 30, 2024 -36.00 Mn
Jun 30, 2024 -70.83 Mn
Mar 31, 2024 -33.59 Mn
Dec 31, 2023 -35.70 Mn
Sep 30, 2023 -31.64 Mn
Jun 30, 2023 -31.90 Mn
Mar 31, 2023 -25.60 Mn
Dec 31, 2022 -70.10 Mn
Sep 30, 2022 -24.30 Mn
Dec 31, 2021 57.27 Mn
Sep 30, 2021 -20.75 Mn
Dec 31, 2020 -20.64 Mn
Sep 30, 2020 -14.69 Mn