Trevi Therapeutics (TRVI) Operating Expenses (2018 - 2025)
Trevi Therapeutics' (TRVI) quarterly Operating Expenses came in at $10.2 million in Q4 2025, down 16.52% year-on-year from $12.2 million in Q4 2024, and down 26.56% quarter-over-quarter from $13.9 million in Q3 2025.
Trevi Therapeutics (TRVI) Operating Expenses (2018 - 2025) Analysis & Trends
Trevi Therapeutics' Operating Expenses history runs 8 years deep, the most recent figure standing at $10.2 million for Q4 2025.
- On a quarterly basis, Operating Expenses fell 16.52% year-over-year to $10.2 million in Q4 2025; TTM through Mar 2026 was $37.9 million, a 4.44% decrease from a year earlier, with the FY2025 full-year figure at $49.3 million, down 4.26% from the prior year.
- Operating Expenses retreated to $10.2 million in Q4 2025 per TRVI's latest filing, from $13.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $14.1 million in Q3 2024 and bottomed at $6.7 million in Q4 2022.
- The 5-year median for Operating Expenses is $8.9 million (2023), against an average of $9.8 million.
- Across the five-year window, Operating Expenses dropped 19.53% in 2022 and soared 58.54% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $8.3 million in 2021, then slipped by 19.53% to $6.7 million in 2022, then soared by 34.19% to $8.9 million in 2023, then soared by 37.05% to $12.2 million in 2024, then slipped by 16.52% to $10.2 million in 2025.
- Per Business Quant, the three latest TRVI Operating Expenses figures stand at $10.2 million (Q4 2025), $13.9 million (Q3 2025), and $13.7 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Trevi Therapeutics | 2.54 Bn | 2.54 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 10.22 Mn |
| Sep 30, 2025 | 13.92 Mn |
| Jun 30, 2025 | 13.72 Mn |
| Dec 31, 2024 | 12.24 Mn |
| Sep 30, 2024 | 14.09 Mn |
| Jun 30, 2024 | 13.29 Mn |
| Mar 31, 2024 | 11.91 Mn |
| Dec 31, 2023 | 8.93 Mn |
| Sep 30, 2023 | 9.05 Mn |
| Jun 30, 2023 | 8.38 Mn |
| Mar 31, 2023 | 7.56 Mn |
| Dec 31, 2022 | 6.66 Mn |
| Sep 30, 2022 | 8.41 Mn |
| Jun 30, 2022 | 7.82 Mn |
| Mar 31, 2022 | 7.03 Mn |
| Dec 31, 2021 | 8.27 Mn |
| Sep 30, 2021 | 6.95 Mn |
| Jun 30, 2021 | 9.17 Mn |
| Mar 31, 2021 | 8.09 Mn |
| Dec 31, 2020 | 9.19 Mn |