Ultragenyx Pharmaceutical (RARE) Operating Expenses (2013 - 2026)

Ultragenyx Pharmaceutical's (RARE) quarterly Operating Expenses came in at $305.0 million in Q1 2026, up 8.16% year-on-year from $282.0 million in Q1 2025, and down 4.85% on a QoQ basis from $320.6 million in Q4 2025.

Ultragenyx Pharmaceutical (RARE) Operating Expenses (2013 - 2026) Analysis & Trends

Ultragenyx Pharmaceutical (RARE) has 14 years of Operating Expenses data on file, last reported at $305.0 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 8.16% year-over-year to $305.0 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 11.5% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 10.22% from the prior year.
  • Operating Expenses for Q1 2026 stood at $305.0 million, down from $320.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for RARE reached as high as $330.8 million in Q3 2025 and fell as low as $216.6 million in Q1 2022.
  • Historically, Operating Expenses has averaged $272.0 million across 5 years, with a median of $271.5 million in 2024.
  • Across the five-year window, Operating Expenses soared 84.15% in 2022 and declined 23.0% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $249.0 million in 2022, then climbed by 0.0% to $249.0 million in 2023, then advanced by 15.25% to $287.0 million in 2024, then rose by 11.71% to $320.6 million in 2025, then retreated by 4.85% to $305.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $305.0 million in Q1 2026, $320.6 million in Q4 2025, and $330.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Ultragenyx Pharmaceutical 2.72 Bn 2.31 Bn 106.00 Mn 305.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 305.00 Mn
Dec 31, 2025 320.56 Mn
Sep 30, 2025 330.82 Mn
Jun 30, 2025 274.38 Mn
Mar 31, 2025 282.00 Mn
Dec 31, 2024 286.95 Mn
Sep 30, 2024 271.48 Mn
Jun 30, 2024 263.39 Mn
Mar 31, 2024 274.18 Mn
Dec 31, 2023 248.98 Mn
Sep 30, 2023 243.15 Mn
Jun 30, 2023 256.27 Mn
Mar 31, 2023 254.60 Mn
Dec 31, 2022 248.98 Mn
Sep 30, 2022 315.77 Mn
Jun 30, 2022 230.94 Mn
Mar 31, 2022 216.57 Mn
Dec 31, 2021 185.95 Mn
Sep 30, 2021 171.48 Mn
Jun 30, 2021 169.75 Mn