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