United Therapeutics UTHR
NASDAQ UTHR
$501.43 +3.46 (+0.70%)
As of: Sep 9, 2026 · 11:24 AM EDT

United Therapeutics (UTHR) Operating Expenses (2009 - 2026)

United Therapeutics' (UTHR) quarterly Operating Expenses came in at $452.5 million in Q2 2026, up 4.24% year-over-year from $434.1 million in Q2 2025, and down 0.7% quarter-over-quarter from $455.7 million in Q1 2026.

Analysis

United Therapeutics (UTHR) Operating Expenses (2009 - 2026) Analysis & Trends

United Therapeutics has disclosed Operating Expenses across 18 years of filings, most recently posting $452.5 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 4.24% year-over-year to $452.5 million; the TTM figure through Jun 2026 stood at $1.8 billion (up 7.55% YoY), while the FY2025 annual figure was $1.7 billion, up 12.65% from the prior year.
  • Operating Expenses came in at $452.5 million for Q2 2026 at United Therapeutics, down from $455.7 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.
  • Average Operating Expenses over 5 years is $344.3 million, with a median of $366.4 million recorded in 2023.
  • Year-over-year, Operating Expenses sank 60.82% in 2022 and soared 44.45% in 2024.
  • Over 5 years, Operating Expenses stood at $315.9 million in 2022, then grew by 12.25% to $354.6 million in 2023, then rose by 6.66% to $378.2 million in 2024, then climbed by 14.62% to $433.5 million in 2025, then climbed by 4.38% to $452.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $452.5 million in Q2 2026, $455.7 million in Q1 2026, and $433.5 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Johnson & Johnson 646.03 Bn 625.27 Bn 17.26 Bn 10.12 Bn
2 AbbVie 441.56 Bn 434.99 Bn 12.70 Bn 10.56 Bn
3 Merck 364.45 Bn 357.31 Bn 12.21 Bn 12.80 Bn
4 Novartis Ag 267.46 Bn 259.77 Bn 11.24 Bn -6.09 Bn
5 Pfizer 158.77 Bn 147.08 Bn 10.94 Bn 6.68 Bn
6 Sanofi 52.48 Bn 45.10 Bn 10.79 Bn -5.98 Bn
7 Revolution Medicines 44.15 Bn 44.15 Bn - 505.13 Mn
8 Incyte 25.31 Bn 20.77 Bn 1.57 Bn 976.14 Mn
9 United Therapeutics 21.29 Bn 18.63 Bn 683.80 Mn 452.50 Mn
10 Neurocrine Biosciences 15.48 Bn 15.09 Bn 935.80 Mn 807.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 452.50 Mn
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