Summit Therapeutics (SMMT) Operating Expenses (2017 - 2026)
Summit Therapeutics (SMMT) posted Operating Expenses of $220.5 million for Q2 2026, down 61.2% from $568.44 million a year earlier but up 13.0% from the prior quarter.
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Analysis
Summit Therapeutics (SMMT) Operating Expenses (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Summit Therapeutics was $874.84 million, up 15.2% year-over-year; for FY2025, it was $1.09 billion, up 384.3% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 71.7% (FY2020 to FY2025).
- In prior years, Summit Therapeutics' Operating Expenses was $226 million in FY2024 (-62.9%), $609.65 million in FY2023 (+599.1%), $87.21 million in FY2022 (-20.0%) and $108.96 million in FY2021 (+48.5%).
- Quarterly Operating Expenses has run from a low of $15.77 million in Q2 2023 to a high of $568.44 million in Q2 2025 over five years.
- On a year-over-year basis, Operating Expenses increased in seven of the last eight quarters, with growth averaging 231.6%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q2 2025, with growth of 853.5%; the weakest was Q1 2024, with a decline of 92.1%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $195.21 million (Q1 2026), $224.93 million (Q4 2025) and $234.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Summit Therapeutics | 12.28 Bn | 10.04 Bn | - | 220.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 220.50 Mn |
| Mar 31, 2026 | 195.21 Mn |
| Dec 31, 2025 | 224.93 Mn |
| Sep 30, 2025 | 234.21 Mn |
| Jun 30, 2025 | 568.44 Mn |
| Mar 31, 2025 | 66.85 Mn |
| Dec 31, 2024 | 65.61 Mn |
| Sep 30, 2024 | 58.38 Mn |
| Jun 30, 2024 | 59.62 Mn |
| Mar 31, 2024 | 42.39 Mn |
| Dec 31, 2023 | 35.39 Mn |
| Sep 30, 2023 | 20.76 Mn |
| Jun 30, 2023 | 15.77 Mn |
| Mar 31, 2023 | 537.74 Mn |
| Dec 31, 2022 | 21.43 Mn |
| Sep 30, 2022 | 22.62 Mn |
| Jun 30, 2022 | 15.94 Mn |
| Mar 31, 2022 | 27.22 Mn |
| Dec 31, 2021 | 30.89 Mn |
| Sep 30, 2021 | 25.61 Mn |
API Access
Summit Therapeutics Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SMMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SMMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SMMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();