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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |