Tenax Therapeutics (TENX) Operating Expenses (2010 - 2026)
Tenax Therapeutics' (TENX) quarterly Operating Expenses came in at $18.8 million in Q2 2026, up 59.29% year-over-year from $11.8 million in Q2 2025, and up 13.34% quarter-over-quarter from $16.6 million in Q1 2026.
Analysis
Tenax Therapeutics (TENX) Operating Expenses (2010 - 2026) Analysis & Trends
Tenax Therapeutics has disclosed Operating Expenses across 16 years of filings, most recently posting $18.8 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 59.29% year-over-year to $18.8 million; the TTM figure through Jun 2026 stood at $68.6 million (up 95.79% YoY), while the FY2025 annual figure was $56.4 million, up 189.24% from the prior year.
- Operating Expenses came in at $18.8 million for Q2 2026 at Tenax Therapeutics, up from $16.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $18.8 million in Q2 2026 to a low of $1.2 million in Q2 2023.
- Average Operating Expenses over 5 years is $7.3 million, with a median of $3.8 million recorded in 2024.
- Year-over-year, Operating Expenses slumped 88.55% in 2022 and jumped 263.84% in 2025.
- Over 5 years, Operating Expenses stood at $2.6 million in 2022, then surged by 30.78% to $3.3 million in 2023, then jumped by 118.35% to $7.3 million in 2024, then soared by 125.48% to $16.4 million in 2025, then advanced by 14.2% to $18.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $18.8 million in Q2 2026, $16.6 million in Q1 2026, and $16.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | 6.68 Bn |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | -5.98 Bn |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | 505.13 Mn |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 976.14 Mn |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 452.50 Mn |
| 10 | Tenax Therapeutics | 87.74 Mn | 87.74 Mn | - | 18.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.78 Mn |
| Mar 31, 2026 | 16.57 Mn |
| Dec 31, 2025 | 16.45 Mn |
| Sep 30, 2025 | 16.81 Mn |
| Jun 30, 2025 | 11.79 Mn |
| Mar 31, 2025 | 11.34 Mn |
| Dec 31, 2024 | 7.30 Mn |
| Sep 30, 2024 | 4.62 Mn |
| Jun 30, 2024 | 3.67 Mn |
| Mar 31, 2024 | 3.91 Mn |
| Dec 31, 2023 | 3.34 Mn |
| Sep 30, 2023 | 2.12 Mn |
| Jun 30, 2023 | 1.24 Mn |
| Mar 31, 2023 | 1.54 Mn |
| Dec 31, 2022 | 2.55 Mn |
| Sep 30, 2022 | 2.92 Mn |
| Jun 30, 2022 | 2.86 Mn |
| Mar 31, 2022 | 2.72 Mn |
| Dec 31, 2021 | 3.21 Mn |
| Sep 30, 2021 | 3.80 Mn |