Verastem (VSTM) Operating Expenses (2011 - 2026)
Verastem's (VSTM) quarterly Operating Expenses came in at $63.6 million in Q1 2026, up 43.9% year-on-year from $44.2 million in Q1 2025, and up 7.72% quarter-over-quarter from $59.0 million in Q4 2025.
Verastem (VSTM) Operating Expenses (2011 - 2026) Analysis & Trends
Verastem's Operating Expenses history runs 16 years deep, the most recent figure standing at $63.6 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 43.9% year-over-year to $63.6 million in Q1 2026; TTM through Mar 2026 was $220.4 million, a 56.26% increase from a year earlier, with the FY2025 full-year figure at $201.0 million, up 60.89% from the prior year.
- Operating Expenses advanced to $63.6 million in Q1 2026 per VSTM's latest filing, from $59.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $63.6 million in Q1 2026 and bottomed at $16.8 million in Q4 2022.
- The 5-year median for Operating Expenses is $28.3 million (2024), against an average of $32.8 million.
- Across the five-year window, Operating Expenses slipped 5.19% in 2023 and surged 86.8% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $16.8 million in 2022, then surged by 84.85% to $31.1 million in 2023, then gained by 1.45% to $31.6 million in 2024, then jumped by 86.8% to $59.0 million in 2025, then rose by 7.72% to $63.6 million in 2026.
- Per Business Quant, the three latest VSTM Operating Expenses figures stand at $63.6 million (Q1 2026), $59.0 million (Q4 2025), and $52.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Verastem | 166.09 Mn | -31.73 Mn | 15.90 Mn | 63.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 63.57 Mn |
| Dec 31, 2025 | 59.01 Mn |
| Sep 30, 2025 | 51.96 Mn |
| Jun 30, 2025 | 45.90 Mn |
| Mar 31, 2025 | 44.17 Mn |
| Dec 31, 2024 | 31.59 Mn |
| Sep 30, 2024 | 37.03 Mn |
| Jun 30, 2024 | 28.28 Mn |
| Mar 31, 2024 | 28.06 Mn |
| Dec 31, 2023 | 31.14 Mn |
| Sep 30, 2023 | 21.31 Mn |
| Jun 30, 2023 | 20.29 Mn |
| Mar 31, 2023 | 19.34 Mn |
| Dec 31, 2022 | 16.85 Mn |
| Sep 30, 2022 | 17.71 Mn |
| Jun 30, 2022 | 21.40 Mn |
| Mar 31, 2022 | 19.58 Mn |
| Dec 31, 2021 | 17.06 Mn |
| Sep 30, 2021 | 14.85 Mn |
| Jun 30, 2021 | 16.44 Mn |