United Therapeutics (UTHR) Operating Expenses (2009 - 2026)
United Therapeutics (UTHR) reported Operating Expenses of $455.7 million for Q1 2026, up 10.71% on a YoY basis from $411.6 million in Q1 2025, and up 5.12% sequentially from $433.5 million in Q4 2025.
United Therapeutics (UTHR) Operating Expenses (2009 - 2026) Analysis & Trends
United Therapeutics (UTHR) has 18 years of Operating Expenses data on file, last reported at $455.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 10.71% year-over-year to $455.7 million; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (up 9.03% YoY), and the FY2025 full-year result was $1.7 billion, up 12.65% from the prior year.
- Operating Expenses rose to $455.7 million in Q1 2026, from $433.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $455.7 million in Q1 2026 to a low of $173.9 million in Q1 2022.
- A 5-year average of $338.0 million and a median of $354.6 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 60.82% in 2022 and surged 44.45% in 2024, its largest moves.
- Tracing UTHR's Operating Expenses over 5 years: stood at $315.9 million in 2022, then climbed by 12.25% to $354.6 million in 2023, then increased by 6.66% to $378.2 million in 2024, then advanced by 14.62% to $433.5 million in 2025, then gained by 5.12% to $455.7 million in 2026.
- Business Quant data shows UTHR's Operating Expenses at $455.7 million in Q1 2026, $433.5 million in Q4 2025, and $411.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 88.07 Bn | 86.20 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.75 Bn | 32.01 Bn | 1.97 Bn | 1.00 Bn |
| 3 | Zoetis | 31.84 Bn | 29.90 Bn | 1.62 Bn | 788.00 Mn |
| 4 | Takeda Pharmaceutical | 27.18 Bn | 23.12 Bn | 4.39 Bn | 12.58 Bn |
| 5 | United Therapeutics | 23.09 Bn | 20.93 Bn | 648.10 Mn | 455.70 Mn |
| 6 | RedHill Biopharma | 21.32 Bn | 21.32 Bn | - | - |
| 7 | Viatris | 19.96 Bn | 18.16 Bn | 1.16 Bn | 1.24 Bn |
| 8 | Neurocrine Biosciences | 17.66 Bn | 16.34 Bn | 800.70 Mn | 621.10 Mn |
| 9 | Elanco Animal Health | 12.44 Bn | 12.02 Bn | 785.00 Mn | 494.00 Mn |
| 10 | Vireo Growth | 10.53 Bn | 10.38 Bn | 59.30 Mn | 50.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 455.70 Mn |
| Dec 31, 2025 | 433.50 Mn |
| Sep 30, 2025 | 411.00 Mn |
| Jun 30, 2025 | 434.10 Mn |
| Mar 31, 2025 | 411.60 Mn |
| Dec 31, 2024 | 378.20 Mn |
| Sep 30, 2024 | 405.80 Mn |
| Jun 30, 2024 | 395.00 Mn |
| Mar 31, 2024 | 321.40 Mn |
| Dec 31, 2023 | 354.60 Mn |
| Sep 30, 2023 | 282.40 Mn |
| Jun 30, 2023 | 283.10 Mn |
| Mar 31, 2023 | 222.50 Mn |
| Dec 31, 2022 | 315.90 Mn |
| Sep 30, 2022 | 201.70 Mn |
| Jun 30, 2022 | 265.10 Mn |
| Mar 31, 2022 | 173.90 Mn |
| Dec 31, 2021 | 245.40 Mn |
| Sep 30, 2021 | 216.00 Mn |
| Jun 30, 2021 | 224.30 Mn |