Growth Metrics

Regeneron Pharmaceuticals (REGN) Operating Expenses (2009 - 2026)

Regeneron Pharmaceuticals' quarterly Operating Expenses came in at $3.0 billion in Q1 2026, up 21.56% year-on-year from $2.4 billion in Q1 2025, and down 1.39% quarter-over-quarter from $3.0 billion in Q4 2025.

Regeneron Pharmaceuticals has reported Operating Expenses for 18 years, with the latest figure at $3.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 21.56% year-over-year to $3.0 billion; the trailing twelve-month figure through Mar 2026 stood at $11.3 billion (up 10.1% YoY), and the FY2025 full-year result was $10.8 billion, up 5.42% from the prior year.
  • Operating Expenses for Q1 2026 stood at $3.0 billion, down from $3.0 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.0 billion in Q4 2025, with the low at $1.7 billion in Q1 2022.
  • Average Operating Expenses over 5 years is $2.4 billion, with a median of $2.4 billion recorded in 2025.
  • Year-over-year, Operating Expenses dropped 2.46% in 2022 and jumped 31.49% in 2023.
  • Tracing REGN's Operating Expenses over 5 years: stood at $2.3 billion in 2022, then climbed by 8.55% to $2.5 billion in 2023, then climbed by 13.72% to $2.8 billion in 2024, then grew by 7.34% to $3.0 billion in 2025, then retreated by 1.39% to $3.0 billion in 2026.
  • The last three Operating Expenses figures came in at $3.0 billion (Q1 2026), $3.0 billion (Q4 2025), and $2.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 2.97 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.33 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -138.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 15.76 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 1.85 Bn
7 Evaxion A 62.56 Bn 62.54 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 2.96 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 898.54 Mn
10 Revolution Medicines 32.39 Bn 32.39 Bn - 445.22 Mn

Historic Data

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DateValue
Mar 31, 2026 2.96 Bn
Dec 31, 2025 3.00 Bn
Sep 30, 2025 2.73 Bn
Jun 30, 2025 2.60 Bn
Mar 31, 2025 2.44 Bn
Dec 31, 2024 2.80 Bn
Sep 30, 2024 2.54 Bn
Jun 30, 2024 2.48 Bn
Mar 31, 2024 2.39 Bn
Dec 31, 2023 2.46 Bn
Sep 30, 2023 2.25 Bn
Jun 30, 2023 2.14 Bn
Mar 31, 2023 2.22 Bn
Dec 31, 2022 2.27 Bn
Sep 30, 2022 1.71 Bn
Jun 30, 2022 1.75 Bn
Mar 31, 2022 1.71 Bn
Dec 31, 2021 2.31 Bn
Sep 30, 2021 1.61 Bn
Jun 30, 2021 1.79 Bn
Mar 31, 2021 1.42 Bn
Dec 31, 2020 1.26 Bn
Sep 30, 2020 1.24 Bn
Jun 30, 2020 1.30 Bn
Mar 31, 2020 1.13 Bn
Dec 31, 2019 1.19 Bn
Sep 30, 2019 1.01 Bn
Jun 30, 2019 1.26 Bn
Mar 31, 2019 892.60 Mn
Dec 31, 2018 1.21 Bn
Sep 30, 2018 1.04 Bn
Jun 30, 2018 985.80 Mn
Mar 31, 2018 944.30 Mn
Dec 31, 2017 1.04 Bn
Sep 30, 2017 940.75 Mn
Jun 30, 2017 919.80 Mn
Mar 31, 2017 888.45 Mn
Dec 31, 2016 879.84 Mn
Sep 30, 2016 857.32 Mn
Jun 30, 2016 921.00 Mn
Mar 31, 2016 871.54 Mn
Dec 31, 2015 867.00 Mn
Sep 30, 2015 745.00 Mn
Jun 30, 2015 653.76 Mn
Mar 31, 2015 586.06 Mn
Dec 31, 2014 586.53 Mn
Sep 30, 2014 537.32 Mn
Jun 30, 2014 437.61 Mn
Mar 31, 2014 434.18 Mn
Dec 31, 2013 415.32 Mn
Sep 30, 2013 360.23 Mn
Jun 30, 2013 299.54 Mn
Mar 31, 2013 286.61 Mn
Dec 31, 2012 268.93 Mn
Sep 30, 2012 225.32 Mn
Jun 30, 2012 216.92 Mn
Mar 31, 2012 209.59 Mn
Dec 31, 2011 168.38 Mn
Sep 30, 2011 161.29 Mn
Jun 30, 2011 168.13 Mn
Mar 31, 2011 153.19 Mn
Dec 31, 2010 146.45 Mn
Sep 30, 2010 138.07 Mn
Jun 30, 2010 139.61 Mn
Mar 31, 2010 132.41 Mn
Dec 31, 2009 136.21 Mn
Sep 30, 2009 118.75 Mn
Jun 30, 2009 106.30 Mn