Spyre Therapeutics (SYRE) Operating Expenses (2015 - 2026)
Spyre Therapeutics' (SYRE) quarterly Operating Expenses came in at $45.6 million in Q1 2026, down 14.8% YoY from $53.6 million in Q1 2025, and down 20.17% on a QoQ basis from $57.2 million in Q4 2025.
Analysis
Spyre Therapeutics (SYRE) Operating Expenses (2015 - 2026) Analysis & Trends
Spyre Therapeutics (SYRE) has 12 years of Operating Expenses data on file, last reported at $45.6 million in 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 fell to $45.6 million in Q1 2026, from $57.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $159.9 million in Q2 2023 to a low of $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 plunged 72.4%.
- Tracing SYRE's Operating Expenses over 5 years: stood at $19.3 million in 2022, then surged by 137.53% to $45.9 million in 2023, then soared by 33.41% to $61.3 million in 2024, then retreated by 6.66% to $57.2 million in 2025, then declined by 20.17% to $45.6 million in 2026.
- The last three Operating Expenses figures came in at $45.6 million (Q1 2026), $57.2 million (Q4 2025), and $56.9 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.78 Bn | 130.92 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.50 Bn | 77.51 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.51 Bn | 58.32 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 58.06 Bn | 52.92 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.04 Bn | 44.04 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 40.04 Bn | 34.94 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.45 Bn | 32.14 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.41 Bn | 27.57 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.42 Bn | 26.26 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Spyre Therapeutics | 7.46 Bn | 7.46 Bn | - | 41.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.64 Mn |
| 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 |