Spyre Therapeutics (SYRE) Operating Expenses (2015 - 2026)
Spyre Therapeutics (SYRE) posted Operating Expenses of $45.6 million for Q1 2026, down 20.17% on a QoQ basis from $57.2 million in Q4 2025, and down 14.8% year-over-year from $53.6 million in Q1 2025.
Spyre Therapeutics (SYRE) Operating Expenses (2015 - 2026) Analysis & Trends
Spyre Therapeutics' Operating Expenses history runs 12 years deep, the most recent figure standing at $45.6 million for Q1 2026.
- Quarterly Operating Expenses fell 14.8% year-over-year to $45.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $201.6 million (down 5.94% YoY) and the FY2025 annual result came in at $209.6 million, changed 0.48% from the prior year.
- Operating Expenses was $45.6 million for Q1 2026 at Spyre Therapeutics, down from $57.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $159.9 million in Q2 2023 and bottomed at $18.3 million in Q3 2023.
- A 5-year average of $46.7 million and a median of $45.6 million in 2026 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 593.92% — and 2024, when it tumbled 72.4%.
- Spyre Therapeutics' Operating Expenses stood at $19.3 million in 2022, then jumped by 137.53% to $45.9 million in 2023, then surged by 33.41% to $61.3 million in 2024, then slipped by 6.66% to $57.2 million in 2025, then retreated by 20.17% to $45.6 million in 2026.
- Business Quant data shows SYRE's Operating Expenses at $45.6 million in Q1 2026, $57.2 million in Q4 2025, and $56.9 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 | Spyre Therapeutics | 257.83 Mn | 257.83 Mn | - | 45.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.64 Mn |
| Dec 31, 2025 | 57.17 Mn |
| Sep 30, 2025 | 56.89 Mn |
| Jun 30, 2025 | 41.94 Mn |
| Mar 31, 2025 | 53.57 Mn |
| Dec 31, 2024 | 61.25 Mn |
| Sep 30, 2024 | 55.39 Mn |
| Jun 30, 2024 | 44.15 Mn |
| Mar 31, 2024 | 47.77 Mn |
| Dec 31, 2023 | 45.91 Mn |
| Sep 30, 2023 | 18.34 Mn |
| Jun 30, 2023 | 159.93 Mn |
| Mar 31, 2023 | 19.00 Mn |
| Dec 31, 2022 | 19.33 Mn |
| Sep 30, 2022 | 18.93 Mn |
| Jun 30, 2022 | 23.05 Mn |
| Mar 31, 2022 | 25.80 Mn |
| Dec 31, 2021 | 24.09 Mn |
| Sep 30, 2021 | 21.69 Mn |
| Jun 30, 2021 | 20.40 Mn |