Tvardi Therapeutics annual operating expenses
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Tvardi Therapeutics Operating Expenses Growth & History (TVRD)
Tvardi Therapeutics's operating expenses was $26.7M for fiscal 2025.
View full Tvardi Therapeutics company overviewTvardi Therapeutics annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $26.7M | −$1.4M | −4.84% |
| 2024 | 2024-12-31 | $28.1M | −$114.4M | −80.27% |
| 2023 | 2023-12-31 | $142.5M | $13.1M | +10.09% |
| 2022 | 2022-12-31 | $129.4M | $17.3M | +15.42% |
| 2021 | 2021-12-31 | $112.1M | −$17.6M | −13.56% |
| 2020 | 2020-12-31 | $129.7M | −$1.9M | −1.42% |
| 2019 | 2019-12-31 | $131.6M | $40.7M | +44.81% |
| 2018 | 2018-12-31 | $90.9M | $30.5M | +50.43% |
| 2017 | 2017-12-31 | $60.4M | $1.9M | +3.27% |
| 2016 | 2016-12-31 | $58.5M | $29.5M | +101.74% |
| 2015 | 2015-12-31 | $29.0M | $7.7M | +36.43% |
| 2014 | 2014-12-31 | $21.2M | $9.0M | +74.16% |
| 2013 | 2013-12-31 | $12.2M | $4.8M | +64.30% |
| 2012 | 2012-12-31 | $7.4M | — | — |
Tvardi Therapeutics quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.6M | −$2.2M | −25.26% |
| Q1 2026 | 2026-03-31 | $7.1M | $2.7M | +61.94% |
| Q4 2025 | 2025-12-31 | $7.6M | — | — |
| Q3 2025 | 2025-09-30 | $5.9M | $262,000 | +4.62% |
| Q2 2025 | 2025-06-30 | $8.9M | $1.7M | +23.51% |
| Q1 2025 | 2025-03-31 | $4.4M | −$27.4M | −86.31% |
| Q3 2024 | 2024-09-30 | $5.7M | −$28.1M | −83.19% |
| Q2 2024 | 2024-06-30 | $7.2M | −$32.1M | −81.72% |
| Q1 2024 | 2024-03-31 | $31.8M | −$2.0M | −5.96% |
| Q4 2023 | 2023-12-31 | $35.6M | $1.0M | +3.02% |
| Q3 2023 | 2023-09-30 | $33.8M | −$894,000 | −2.58% |
| Q2 2023 | 2023-06-30 | $39.3M | $11.8M | +42.94% |
| Q1 2023 | 2023-03-31 | $33.8M | $1.1M | +3.41% |
| Q4 2022 | 2022-12-31 | $34.6M | $225,000 | +0.66% |
| Q3 2022 | 2022-09-30 | $34.7M | $13.3M | +61.98% |
| Q2 2022 | 2022-06-30 | $27.5M | −$3.4M | −11.02% |
| Q1 2022 | 2022-03-31 | $32.7M | $7.2M | +28.26% |
| Q4 2021 | 2021-12-31 | $34.3M | $544,000 | +1.61% |
| Q3 2021 | 2021-09-30 | $21.4M | −$4.9M | −18.60% |
| Q2 2021 | 2021-06-30 | $30.9M | −$642,000 | −2.04% |
| Q1 2021 | 2021-03-31 | $25.5M | −$12.6M | −33.07% |
| Q4 2020 | 2020-12-31 | $33.8M | −$682,000 | −1.98% |
| Q3 2020 | 2020-09-30 | $26.3M | −$13.9M | −34.64% |
| Q2 2020 | 2020-06-30 | $31.5M | $2.2M | +7.39% |
| Q1 2020 | 2020-03-31 | $38.1M | $10.6M | +38.44% |
| Q4 2019 | 2019-12-31 | $34.5M | $7.0M | +25.34% |
| Q3 2019 | 2019-09-30 | $40.2M | $14.7M | +57.53% |
| Q2 2019 | 2019-06-30 | $29.4M | $8.7M | +41.88% |
| Q1 2019 | 2019-03-31 | $27.5M | $10.4M | +60.69% |
| Q4 2018 | 2018-12-31 | $27.5M | $12.9M | +88.80% |
| Q3 2018 | 2018-09-30 | $25.5M | $12.6M | +97.05% |
| Q2 2018 | 2018-06-30 | $20.7M | $11.1M | +114.75% |
| Q1 2018 | 2018-03-31 | $17.1M | −$6.1M | −26.30% |
| Q4 2017 | 2017-12-31 | $14.6M | −$7.7M | −34.70% |
| Q3 2017 | 2017-09-30 | $13.0M | $1.2M | +10.05% |
| Q2 2017 | 2017-06-30 | $9.6M | −$3.8M | −28.14% |
| Q1 2017 | 2017-03-31 | $23.2M | $12.2M | +111.37% |
| Q4 2016 | 2016-12-31 | $22.3M | $12.6M | +129.37% |
| Q3 2016 | 2016-09-30 | $11.8M | $4.3M | +58.05% |
| Q2 2016 | 2016-06-30 | $13.4M | $6.8M | +102.92% |
| Q1 2016 | 2016-03-31 | $11.0M | $5.8M | +111.12% |
| Q4 2015 | 2015-12-31 | $9.7M | $4.5M | +85.31% |
| Q3 2015 | 2015-09-30 | $7.4M | −$279,000 | −3.61% |
| Q2 2015 | 2015-06-30 | $6.6M | $1.9M | +41.40% |
| Q1 2015 | 2015-03-31 | $5.2M | $1.6M | +44.68% |
| Q4 2014 | 2014-12-31 | $5.3M | $2.2M | +70.57% |
| Q3 2014 | 2014-09-30 | $7.7M | $3.2M | +69.51% |
| Q2 2014 | 2014-06-30 | $4.7M | $1.6M | +52.98% |
| Q1 2014 | 2014-03-31 | $3.6M | $2.1M | +138.34% |
| Q4 2013 | 2013-12-31 | $3.1M | — | — |
| Q3 2013 | 2013-09-30 | $4.6M | — | — |
| Q2 2013 | 2013-06-30 | $3.1M | — | — |
| Q1 2013 | 2013-03-31 | $1.5M | — | — |
Tvardi Therapeutics operating expenses trends
Over the last five fiscal years, Tvardi Therapeutics's operating expenses decreased from $129.7M to $26.7M, a change of −$102.9M. The latest reported quarter, Q2 2026, shows $6.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Tvardi Therapeutics source filings ↗