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
DateValue
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