Sarepta Therapeutics (SRPT) Operating Expenses (2010 - 2026)
Sarepta Therapeutics (SRPT) recorded quarterly Operating Expenses of $372.4 million in Q1 2026, down 56.42% quarter-over-quarter from $854.5 million in Q4 2025, and down 64.37% on a YoY basis from $1.0 billion in Q1 2025.
Sarepta Therapeutics (SRPT) Operating Expenses (2010 - 2026) Analysis & Trends
Sarepta Therapeutics' Operating Expenses history runs 17 years deep, the most recent figure standing at $372.4 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 64.37% year-over-year to $372.4 million; the TTM figure through Mar 2026 stood at $2.2 billion (down 5.34% YoY), while the FY2025 annual figure was $2.9 billion, up 72.1% from the prior year.
- Operating Expenses was $372.4 million for Q1 2026 at Sarepta Therapeutics, down from $854.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q1 2025 to a low of $297.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $466.7 million across 5 years, with a median of $391.6 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 176.11% in 2025, then tumbled 64.37% in 2026.
- A 5-year view of Operating Expenses shows it stood at $365.3 million in 2022, then advanced by 1.89% to $372.2 million in 2023, then soared by 33.47% to $496.7 million in 2024, then surged by 72.03% to $854.5 million in 2025, then plunged by 56.42% to $372.4 million in 2026.
- The last three Operating Expenses figures came in at $372.4 million (Q1 2026), $854.5 million (Q4 2025), and $502.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -3.82 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 15.76 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -67.40 Mn |
| 10 | Sarepta Therapeutics | 1.84 Bn | 1.16 Bn | 291.52 Mn | 372.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 372.37 Mn |
| Dec 31, 2025 | 854.52 Mn |
| Sep 30, 2025 | 502.75 Mn |
| Jun 30, 2025 | 495.51 Mn |
| Mar 31, 2025 | 1.05 Bn |
| Dec 31, 2024 | 496.73 Mn |
| Sep 30, 2024 | 444.98 Mn |
| Jun 30, 2024 | 363.63 Mn |
| Mar 31, 2024 | 378.56 Mn |
| Dec 31, 2023 | 372.16 Mn |
| Sep 30, 2023 | 352.66 Mn |
| Jun 30, 2023 | 394.76 Mn |
| Mar 31, 2023 | 391.59 Mn |
| Dec 31, 2022 | 365.26 Mn |
| Sep 30, 2022 | 361.62 Mn |
| Jun 30, 2022 | 444.62 Mn |
| Mar 31, 2022 | 297.71 Mn |
| Dec 31, 2021 | 307.27 Mn |
| Sep 30, 2021 | 223.86 Mn |
| Jun 30, 2021 | 331.66 Mn |