Roivant Sciences (ROIV) Operating Expenses (2020 - 2025)

Roivant Sciences (ROIV) posted Operating Expenses of $936.0 million for Q4 2025, up 204.11% on a QoQ basis from $307.8 million in Q3 2025, and up 10.1% year-over-year from $850.2 million in Q4 2024.

Roivant Sciences (ROIV) Operating Expenses (2020 - 2025) Analysis & Trends

Roivant Sciences' Operating Expenses history runs 6 years deep, the most recent figure standing at $936.0 million for Q4 2025.

  • Quarterly Operating Expenses rose 10.1% year-over-year to $936.0 million in Q4 2025, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 8.04% YoY) and the FY2026 annual result came in at $1.3 billion, up 13.2% from the prior year.
  • Operating Expenses was $936.0 million for Q4 2025 at Roivant Sciences, up from $307.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.1 billion in Q4 2021 and bottomed at $162.1 million in Q2 2021.
  • A 5-year average of $511.9 million and a median of $307.8 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2021 — Operating Expenses jumped 342.42% — and 2022, when it sank 58.01%.
  • Roivant Sciences' Operating Expenses stood at $1.1 billion in 2021, then fell by 13.78% to $975.1 million in 2022, then slumped by 31.47% to $668.2 million in 2023, then rose by 27.23% to $850.2 million in 2024, then advanced by 10.1% to $936.0 million in 2025.
  • Business Quant data shows ROIV's Operating Expenses at $936.0 million in Q4 2025, $307.8 million in Q3 2025, and $287.1 million in Q2 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 Roivant Sciences 24.35 Bn 25.12 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 936.05 Mn
Sep 30, 2025 307.80 Mn
Jun 30, 2025 287.09 Mn
Dec 31, 2024 850.20 Mn
Sep 30, 2024 346.19 Mn
Jun 30, 2024 220.61 Mn
Dec 31, 2023 668.24 Mn
Sep 30, 2023 217.54 Mn
Jun 30, 2023 298.04 Mn
Dec 31, 2022 975.06 Mn
Sep 30, 2022 293.30 Mn
Jun 30, 2022 286.63 Mn
Dec 31, 2021 1.13 Bn
Sep 30, 2021 698.42 Mn
Jun 30, 2021 162.12 Mn
Dec 31, 2020 264.82 Mn
Sep 30, 2020 157.86 Mn
Jun 30, 2020 116.03 Mn