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
DateValue
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