Instil Bio (TIL) Operating Expenses (2020 - 2026)
Instil Bio (TIL) posted Operating Expenses of $5.6 million for Q2 2026, down 20.39% on a QoQ basis from $7.0 million in Q1 2026, and down 76.19% year-over-year from $23.4 million in Q2 2025.
Analysis
Instil Bio (TIL) Operating Expenses (2020 - 2026) Analysis & Trends
Instil Bio has reported Operating Expenses for 7 years, with the latest figure at $5.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 76.19% year-over-year to $5.6 million in Q2 2026; TTM through Jun 2026 was $37.2 million, a 58.45% decrease from a year earlier, with the FY2025 full-year figure at $78.6 million, up 6.85% from the prior year.
- Operating Expenses was $5.6 million for Q2 2026 at Instil Bio, down from $7.0 million in the prior quarter.
- The five-year high for Operating Expenses was $66.7 million in Q3 2023, with the low at $5.6 million in Q2 2026.
- Average Operating Expenses over 5 years is $30.6 million, with a median of $23.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 131.96% in 2022, then plunged 77.08% in 2023.
- Over 5 years, Operating Expenses stood at $56.8 million in 2022, then plunged by 77.08% to $13.0 million in 2023, then fell by 9.22% to $11.8 million in 2024, then retreated by 19.14% to $9.6 million in 2025, then tumbled by 41.6% to $5.6 million in 2026.
- The last three Operating Expenses figures came in at $5.6 million (Q2 2026), $7.0 million (Q1 2026), and $9.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.44 Bn | 192.45 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 179.97 Bn | 176.79 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 130.57 Bn | 122.72 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 54.37 Bn | 49.23 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.07 Bn | 29.76 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.84 Bn | 30.55 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 29.49 Bn | 29.49 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Instil Bio | 50.19 Mn | 50.19 Mn | - | 5.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.58 Mn |
| Mar 31, 2026 | 7.01 Mn |
| Dec 31, 2025 | 9.56 Mn |
| Sep 30, 2025 | 15.02 Mn |
| Jun 30, 2025 | 23.44 Mn |
| Mar 31, 2025 | 30.56 Mn |
| Dec 31, 2024 | 11.82 Mn |
| Sep 30, 2024 | 23.63 Mn |
| Jun 30, 2024 | 14.14 Mn |
| Mar 31, 2024 | 23.96 Mn |
| Dec 31, 2023 | 13.02 Mn |
| Sep 30, 2023 | 66.72 Mn |
| Jun 30, 2023 | 20.99 Mn |
| Mar 31, 2023 | 58.45 Mn |
| Dec 31, 2022 | 56.80 Mn |
| Sep 30, 2022 | 56.65 Mn |
| Jun 30, 2022 | 58.72 Mn |
| Mar 31, 2022 | 54.29 Mn |
| Dec 31, 2021 | 53.75 Mn |
| Sep 30, 2021 | 43.02 Mn |