Spyre Therapeutics (SYRE) Operating Expenses (2015 - 2026)
Spyre Therapeutics posted quarterly Operating Expenses of $45.6 million for Q1 2026, down 14.8% year-on-year from $53.6 million in Q1 2025, and down 20.17% on a QoQ basis from $57.2 million in Q4 2025.
Spyre Therapeutics (SYRE) has 12 years of Operating Expenses data on file, last reported at $45.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 14.8% year-over-year to $45.6 million; the trailing twelve-month figure through Mar 2026 stood at $201.6 million (down 5.94% YoY), and the FY2025 full-year result was $209.6 million, changed 0.48% from the prior year.
- Operating Expenses for Q1 2026 stood at $45.6 million, 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.
- The 5-year median for Operating Expenses is $45.6 million (2026), against an average of $46.7 million.
- The widest annual swing landed in 2023, when Operating Expenses jumped 593.92%; it then slumped 72.4% in 2024.
- A 5-year view of Operating Expenses shows it stood at $19.3 million in 2022, then soared by 137.53% to $45.9 million in 2023, then jumped by 33.41% to $61.3 million in 2024, then decreased by 6.66% to $57.2 million in 2025, then fell 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 961,148.99 Bn | 961,148.98 Bn | - | 2.97 Mn |
| 2 | Alterity Therapeutics | 744,933.29 Bn | 744,933.26 Bn | - | 4.33 Mn |
| 3 | Legend Biotech | 2,540.00 Bn | 2,539.71 Bn | 242.10 Mn | -138.30 Mn |
| 4 | Nanobiotix | 2,199.85 Bn | 2,199.78 Bn | - | - |
| 5 | Akari Therapeutics | 1,635.88 Bn | 1,635.88 Bn | - | 15.76 Mn |
| 6 | Vertex Pharmaceuticals | 111.32 Bn | 104.07 Bn | 2.59 Bn | 1.85 Bn |
| 7 | Evaxion A | 62.56 Bn | 62.54 Bn | - | -3.82 Mn |
| 8 | Regeneron Pharmaceuticals | 62.55 Bn | 53.79 Bn | 3.31 Bn | 2.96 Bn |
| 9 | Alnylam Pharmaceuticals | 39.57 Bn | 36.56 Bn | 959.66 Mn | 898.54 Mn |
| 10 | Spyre Therapeutics | 5.55 Bn | 5.55 Bn | - | 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 |
| Mar 31, 2021 | 18.21 Mn |
| Dec 31, 2020 | 22.78 Mn |
| Sep 30, 2020 | 18.12 Mn |
| Jun 30, 2020 | 21.56 Mn |
| Mar 31, 2020 | 19.02 Mn |
| Dec 31, 2019 | 21.91 Mn |
| Sep 30, 2019 | 22.15 Mn |
| Jun 30, 2019 | 18.62 Mn |
| Mar 31, 2019 | 17.66 Mn |
| Dec 31, 2018 | 15.31 Mn |
| Sep 30, 2018 | 12.24 Mn |
| Jun 30, 2018 | 12.05 Mn |
| Mar 31, 2018 | 9.76 Mn |
| Dec 31, 2017 | 8.11 Mn |
| Sep 30, 2017 | 9.26 Mn |
| Jun 30, 2017 | 8.20 Mn |
| Mar 31, 2017 | 7.31 Mn |
| Dec 31, 2016 | 6.79 Mn |
| Sep 30, 2016 | 7.45 Mn |
| Jun 30, 2016 | 6.87 Mn |
| Mar 31, 2016 | 5.43 Mn |
| Dec 31, 2015 | 5.58 Mn |
| Sep 30, 2015 | 4.49 Mn |
| Jun 30, 2015 | 4.86 Mn |
| Mar 31, 2015 | 2.47 Mn |