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
DateValue
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