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
DateValue
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