Recursion Pharmaceuticals (RXRX) Operating Expenses (2020 - 2026)

Recursion Pharmaceuticals (RXRX) posted Operating Expenses of $135.0 million for Q1 2026, down 6.18% on a QoQ basis from $143.9 million in Q4 2025, and down 34.51% year-over-year from $206.1 million in Q1 2025.

Recursion Pharmaceuticals (RXRX) Operating Expenses (2020 - 2026) Analysis & Trends

Recursion Pharmaceuticals' Operating Expenses history runs 7 years deep, the most recent figure standing at $135.0 million for Q1 2026.

  • Quarterly Operating Expenses fell 34.51% year-over-year to $135.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $651.7 million (up 2.82% YoY) and the FY2025 annual result came in at $722.8 million, up 34.39% from the prior year.
  • Operating Expenses was $135.0 million for Q1 2026 at Recursion Pharmaceuticals, down from $143.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $206.1 million in Q1 2025 and bottomed at $61.3 million in Q1 2022.
  • A 5-year average of $122.1 million and a median of $110.1 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2025 — Operating Expenses jumped 87.15% — and 2026, when it slumped 34.51%.
  • Recursion Pharmaceuticals' Operating Expenses stood at $74.7 million in 2022, then soared by 47.1% to $109.8 million in 2023, then soared by 71.47% to $188.3 million in 2024, then fell by 23.6% to $143.9 million in 2025, then slipped by 6.18% to $135.0 million in 2026.
  • Business Quant data shows RXRX's Operating Expenses at $135.0 million in Q1 2026, $143.9 million in Q4 2025, and $177.4 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 Recursion Pharmaceuticals 1.59 Bn 933.22 Mn -6.02 Mn 134.98 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 134.98 Mn
Dec 31, 2025 143.87 Mn
Sep 30, 2025 177.38 Mn
Jun 30, 2025 195.45 Mn
Mar 31, 2025 206.11 Mn
Dec 31, 2024 188.31 Mn
Sep 30, 2024 124.44 Mn
Jun 30, 2024 114.96 Mn
Mar 31, 2024 110.13 Mn
Dec 31, 2023 109.82 Mn
Sep 30, 2023 110.08 Mn
Jun 30, 2023 92.73 Mn
Mar 31, 2023 82.00 Mn
Dec 31, 2022 74.66 Mn
Sep 30, 2022 75.73 Mn
Jun 30, 2022 73.87 Mn
Mar 31, 2022 61.31 Mn
Dec 31, 2021 67.49 Mn
Sep 30, 2021 48.94 Mn
Jun 30, 2021 43.48 Mn