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
DateValue
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