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| Date | Value |
|---|---|
| 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 |