X4 Pharmaceuticals XFOR
NASDAQ XFOR
$4.04 +0.00 (+0.00%)
At close: Sep 4, 2026 · 4:00 PM EDT

X4 Pharmaceuticals (XFOR) Operating Expenses (2017 - 2026)

X4 Pharmaceuticals' (XFOR) quarterly Operating Expenses came in at $23.6 million in Q2 2026, down 15.42% on a YoY basis from $27.9 million in Q2 2025, and up 5.19% quarter-over-quarter from $22.4 million in Q1 2026.

Analysis

X4 Pharmaceuticals (XFOR) Operating Expenses (2017 - 2026) Analysis & Trends

X4 Pharmaceuticals (XFOR) has reported Operating Expenses for 10 consecutive years, with $23.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 15.42% year-over-year to $23.6 million; the trailing twelve-month figure through Jun 2026 stood at $100.8 million (down 24.25% YoY), and the FY2025 full-year result was $116.2 million, up 198.37% from the prior year.
  • Operating Expenses improved to $23.6 million in Q2 2026 per XFOR's latest filing, from $22.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $37.3 million in Q1 2024 and bottomed at $20.2 million in Q3 2022.
  • Historically, Operating Expenses has averaged $27.8 million across 5 years, with a median of $26.6 million in 2023.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses surged 46.22% in 2024, then tumbled 33.15% in 2026.
  • Over 5 years, Operating Expenses stood at $25.6 million in 2022, then fell by 1.48% to $25.2 million in 2023, then jumped by 46.22% to $36.8 million in 2024, then retreated by 29.7% to $25.9 million in 2025, then slipped by 8.97% to $23.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $23.6 million, $22.4 million, and $25.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Johnson & Johnson 663.08 Bn 642.33 Bn 17.26 Bn 10.12 Bn
2 AbbVie 453.04 Bn 446.51 Bn 12.70 Bn 10.56 Bn
3 Merck 370.87 Bn 363.78 Bn 12.21 Bn 12.80 Bn
4 Novartis Ag 305.29 Bn 298.00 Bn 11.24 Bn -6.09 Bn
5 Pfizer 162.10 Bn 150.70 Bn 10.94 Bn 6.68 Bn
6 Sanofi 53.95 Bn 46.98 Bn 10.79 Bn -5.98 Bn
7 Revolution Medicines 45.00 Bn 45.00 Bn - 505.13 Mn
8 BeOne Medicines 40.49 Bn 35.39 Bn 1.53 Bn 1.21 Bn
9 Incyte 25.47 Bn 20.94 Bn 1.57 Bn 976.14 Mn
10 X4 Pharmaceuticals 510.43 Mn 315.33 Mn 7.19 Mn 23.58 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 23.58 Mn
Mar 31, 2026 22.42 Mn
Dec 31, 2025 25.90 Mn
Sep 30, 2025 28.92 Mn
Jun 30, 2025 27.88 Mn
Mar 31, 2025 33.53 Mn
Dec 31, 2024 36.85 Mn
Sep 30, 2024 34.83 Mn
Jun 30, 2024 34.19 Mn
Mar 31, 2024 37.29 Mn
Dec 31, 2023 25.20 Mn
Sep 30, 2023 27.21 Mn
Jun 30, 2023 25.81 Mn
Mar 31, 2023 29.30 Mn
Dec 31, 2022 25.58 Mn
Sep 30, 2022 20.15 Mn
Jun 30, 2022 20.57 Mn
Mar 31, 2022 21.27 Mn
Dec 31, 2021 29.06 Mn
Sep 30, 2021 19.12 Mn