Praxis Precision Medicines (PRAX) Operating Expenses (2019 - 2026)
Praxis Precision Medicines' (PRAX) quarterly Operating Expenses came in at $105.9 million in Q1 2026, up 41.66% year-on-year from $74.7 million in Q1 2025, and up 9.08% quarter-over-quarter from $97.0 million in Q4 2025.
Praxis Precision Medicines (PRAX) Operating Expenses (2019 - 2026) Analysis & Trends
Praxis Precision Medicines' Operating Expenses history runs 8 years deep, the most recent figure standing at $105.9 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 41.66% year-over-year to $105.9 million in Q1 2026; TTM through Mar 2026 was $357.3 million, a 48.19% increase from a year earlier, with the FY2025 full-year figure at $326.2 million, up 56.29% from the prior year.
- Operating Expenses advanced to $105.9 million in Q1 2026 per PRAX's latest filing, from $97.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $105.9 million in Q1 2026 and bottomed at $26.0 million in Q3 2023.
- The 5-year median for Operating Expenses is $57.1 million (2024), against an average of $57.9 million.
- Across the five-year window, Operating Expenses slumped 43.68% in 2023 and jumped 152.18% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $41.5 million in 2022, then tumbled by 31.68% to $28.3 million in 2023, then soared by 152.18% to $71.4 million in 2024, then surged by 35.88% to $97.0 million in 2025, then grew by 9.08% to $105.9 million in 2026.
- Per Business Quant, the three latest PRAX Operating Expenses figures stand at $105.9 million (Q1 2026), $97.0 million (Q4 2025), and $78.4 million (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 | Praxis Precision Medicines | 9.37 Bn | 8.58 Bn | - | 105.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 105.86 Mn |
| Dec 31, 2025 | 97.04 Mn |
| Sep 30, 2025 | 78.36 Mn |
| Jun 30, 2025 | 76.07 Mn |
| Mar 31, 2025 | 74.73 Mn |
| Dec 31, 2024 | 71.42 Mn |
| Sep 30, 2024 | 57.14 Mn |
| Jun 30, 2024 | 37.85 Mn |
| Mar 31, 2024 | 42.32 Mn |
| Dec 31, 2023 | 28.32 Mn |
| Sep 30, 2023 | 25.98 Mn |
| Jun 30, 2023 | 35.74 Mn |
| Mar 31, 2023 | 38.77 Mn |
| Dec 31, 2022 | 41.45 Mn |
| Sep 30, 2022 | 44.29 Mn |
| Jun 30, 2022 | 60.39 Mn |
| Mar 31, 2022 | 68.85 Mn |
| Dec 31, 2021 | 58.66 Mn |
| Sep 30, 2021 | 44.77 Mn |
| Jun 30, 2021 | 36.48 Mn |