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

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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
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