Rhythm Pharmaceuticals (RYTM) Operating Expenses (2016 - 2026)
Rhythm Pharmaceuticals' (RYTM) quarterly Operating Expenses came in at $112.5 million in Q1 2026, up 41.11% year-on-year from $79.7 million in Q1 2025, and up 7.82% on a QoQ basis from $104.3 million in Q4 2025.
Rhythm Pharmaceuticals (RYTM) Operating Expenses (2016 - 2026) Analysis & Trends
Rhythm Pharmaceuticals (RYTM) has 11 years of Operating Expenses data on file, last reported at $112.5 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 41.11% year-over-year to $112.5 million in Q1 2026; TTM through Mar 2026 was $414.5 million, a 33.94% increase from a year earlier, with the FY2025 full-year figure at $381.8 million, down 3.5% from the prior year.
- Operating Expenses for Q1 2026 stood at $112.5 million, up from $104.3 million in the prior quarter.
- Over the last five years, Operating Expenses for RYTM reached as high as $165.9 million in Q1 2024 and fell as low as $43.6 million in Q3 2022.
- Historically, Operating Expenses has averaged $79.7 million across 5 years, with a median of $69.6 million in 2024.
- Across the five-year window, Operating Expenses surged 159.15% in 2024 and plunged 51.94% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $50.9 million in 2022, then rose by 28.7% to $65.5 million in 2023, then rose by 26.85% to $83.1 million in 2024, then climbed by 25.55% to $104.3 million in 2025, then climbed by 7.82% to $112.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $112.5 million in Q1 2026, $104.3 million in Q4 2025, and $104.0 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 | Rhythm Pharmaceuticals | 6.98 Bn | 6.64 Bn | 52.96 Mn | 112.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 112.47 Mn |
| Dec 31, 2025 | 104.32 Mn |
| Sep 30, 2025 | 103.95 Mn |
| Jun 30, 2025 | 93.80 Mn |
| Mar 31, 2025 | 79.71 Mn |
| Dec 31, 2024 | 83.09 Mn |
| Sep 30, 2024 | 77.14 Mn |
| Jun 30, 2024 | 69.56 Mn |
| Mar 31, 2024 | 165.85 Mn |
| Dec 31, 2023 | 65.50 Mn |
| Sep 30, 2023 | 66.46 Mn |
| Jun 30, 2023 | 65.83 Mn |
| Mar 31, 2023 | 64.00 Mn |
| Dec 31, 2022 | 50.89 Mn |
| Sep 30, 2022 | 43.55 Mn |
| Jun 30, 2022 | 54.16 Mn |
| Mar 31, 2022 | 54.19 Mn |
| Dec 31, 2021 | 52.81 Mn |
| Sep 30, 2021 | 45.27 Mn |
| Jun 30, 2021 | 40.71 Mn |