United Therapeutics annual operating expenses
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United Therapeutics Operating Expenses Growth & History (UTHR)
United Therapeutics's operating expenses was $1.69B for fiscal 2025.
View full United Therapeutics company overviewUnited Therapeutics annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.69B | $189.8M | +12.65% |
| 2024 | 2024-12-31 | $1.50B | $357.8M | +31.31% |
| 2023 | 2023-12-31 | $1.14B | $186.0M | +19.44% |
| 2022 | 2022-12-31 | $956.6M | −$173.0M | −15.32% |
| 2021 | 2021-12-31 | $1.13B | $239.9M | +26.96% |
| 2020 | 2020-12-31 | $889.7M | −$746.7M | −45.63% |
| 2019 | 2019-12-31 | $1.64B | $814.0M | +98.98% |
| 2018 | 2018-12-31 | $822.4M | −$88.0M | −9.67% |
| 2017 | 2017-12-31 | $910.4M | $373.3M | +69.50% |
| 2016 | 2016-12-31 | $537.1M | −$229.7M | −29.96% |
| 2015 | 2015-12-31 | $766.8M | $17.1M | +2.28% |
| 2014 | 2014-12-31 | $749.7M | −$74.8M | −9.07% |
| 2013 | 2013-12-31 | $824.5M | $330.1M | +66.75% |
| 2012 | 2012-12-31 | $494.4M | $69.0M | +16.23% |
| 2011 | 2011-12-31 | $425.4M | $3.8M | +0.90% |
| 2010 | 2010-12-31 | $421.6M | $88.5M | +26.56% |
| 2009 | 2009-12-31 | $333.1M | −$30.4M | −8.37% |
| 2008 | 2008-12-31 | $363.6M | — | — |
United Therapeutics quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $452.5M | $18.4M | +4.24% |
| Q1 2026 | 2026-03-31 | $455.7M | $44.1M | +10.71% |
| Q4 2025 | 2025-12-31 | $433.5M | $55.3M | +14.62% |
| Q3 2025 | 2025-09-30 | $411.0M | $5.2M | +1.28% |
| Q2 2025 | 2025-06-30 | $434.1M | $39.1M | +9.90% |
| Q1 2025 | 2025-03-31 | $411.6M | $90.2M | +28.06% |
| Q4 2024 | 2024-12-31 | $378.2M | $23.6M | +6.66% |
| Q3 2024 | 2024-09-30 | $405.8M | $123.4M | +43.70% |
| Q2 2024 | 2024-06-30 | $395.0M | $111.9M | +39.53% |
| Q1 2024 | 2024-03-31 | $321.4M | $98.9M | +44.45% |
| Q4 2023 | 2023-12-31 | $354.6M | $38.7M | +12.25% |
| Q3 2023 | 2023-09-30 | $282.4M | $80.7M | +40.01% |
| Q2 2023 | 2023-06-30 | $283.1M | $18.0M | +6.79% |
| Q1 2023 | 2023-03-31 | $222.5M | $48.6M | +27.95% |
| Q4 2022 | 2022-12-31 | $315.9M | $70.5M | +28.73% |
| Q3 2022 | 2022-09-30 | $201.7M | −$14.3M | −6.62% |
| Q2 2022 | 2022-06-30 | $265.1M | $40.8M | +18.19% |
| Q1 2022 | 2022-03-31 | $173.9M | −$270.0M | −60.82% |
| Q4 2021 | 2021-12-31 | $245.4M | −$74.2M | −23.22% |
| Q3 2021 | 2021-09-30 | $216.0M | $57.0M | +35.85% |
| Q2 2021 | 2021-06-30 | $224.3M | $2.8M | +1.26% |
| Q1 2021 | 2021-03-31 | $443.9M | $254.3M | +134.12% |
| Q4 2020 | 2020-12-31 | $319.6M | $72.0M | +29.08% |
| Q3 2020 | 2020-09-30 | $159.0M | −$59.1M | −27.10% |
| Q2 2020 | 2020-06-30 | $221.5M | $69.3M | +45.53% |
| Q1 2020 | 2020-03-31 | $189.6M | −$828.9M | −81.38% |
| Q4 2019 | 2019-12-31 | $247.6M | −$2.3M | −0.92% |
| Q3 2019 | 2019-09-30 | $218.1M | −$45.0M | −17.10% |
| Q2 2019 | 2019-06-30 | $152.2M | −$74.9M | −32.98% |
| Q1 2019 | 2019-03-31 | $1.02B | $936.2M | +1137.55% |
| Q4 2018 | 2018-12-31 | $249.9M | −$75.8M | −23.27% |
| Q3 2018 | 2018-09-30 | $263.1M | $141.4M | +116.19% |
| Q2 2018 | 2018-06-30 | $227.1M | −$129.0M | −36.23% |
| Q1 2018 | 2018-03-31 | $82.3M | −$24.6M | −23.01% |
| Q4 2017 | 2017-12-31 | $325.7M | $90.9M | +38.71% |
| Q3 2017 | 2017-09-30 | $121.7M | −$47.9M | −28.24% |
| Q2 2017 | 2017-06-30 | $356.1M | $228.7M | +179.51% |
| Q1 2017 | 2017-03-31 | $106.9M | $101.6M | +1916.98% |
| Q4 2016 | 2016-12-31 | $234.8M | $10.2M | +4.54% |
| Q3 2016 | 2016-09-30 | $169.6M | — | — |
| Q2 2016 | 2016-06-30 | $127.4M | −$48.0M | −27.37% |
| Q1 2016 | 2016-03-31 | $5.3M | −$337.0M | −98.45% |
| Q4 2015 | 2015-12-31 | $224.6M | $56.8M | +33.87% |
| Q2 2015 | 2015-06-30 | $175.4M | $28.9M | +19.74% |
| Q1 2015 | 2015-03-31 | $342.3M | $269.0M | +367.22% |
| Q4 2014 | 2014-12-31 | $167.8M | −$149.7M | −47.16% |
| Q3 2014 | 2014-09-30 | $362.2M | $164.6M | +83.31% |
| Q2 2014 | 2014-06-30 | $146.5M | −$11.8M | −7.47% |
| Q1 2014 | 2014-03-31 | $73.3M | −$77.8M | −51.51% |
| Q4 2013 | 2013-12-31 | $317.5M | $202.3M | +175.58% |
| Q3 2013 | 2013-09-30 | $197.6M | $35.8M | +22.15% |
| Q2 2013 | 2013-06-30 | $158.3M | $38.3M | +31.93% |
| Q1 2013 | 2013-03-31 | $151.1M | $53.6M | +55.01% |
| Q4 2012 | 2012-12-31 | $115.2M | −$16.5M | −12.50% |
| Q3 2012 | 2012-09-30 | $161.7M | $63.0M | +63.77% |
| Q2 2012 | 2012-06-30 | $120.0M | $50.7M | +73.25% |
| Q1 2012 | 2012-03-31 | $97.5M | −$28.2M | −22.46% |
| Q4 2011 | 2011-12-31 | $131.7M | −$30.7M | −18.89% |
| Q3 2011 | 2011-09-30 | $98.8M | −$7.3M | −6.90% |
| Q2 2011 | 2011-06-30 | $69.3M | −$4.2M | −5.77% |
| Q1 2011 | 2011-03-31 | $125.7M | $46.0M | +57.80% |
| Q4 2010 | 2010-12-31 | $162.3M | — | — |
| Q3 2010 | 2010-09-30 | $106.1M | $20.6M | +24.11% |
| Q2 2010 | 2010-06-30 | $73.5M | −$14.6M | −16.57% |
| Q1 2010 | 2010-03-31 | $79.7M | — | — |
| Q3 2009 | 2009-09-30 | $85.5M | — | — |
| Q2 2009 | 2009-06-30 | $88.1M | — | — |
United Therapeutics operating expenses trends
Over the last five fiscal years, United Therapeutics's operating expenses increased from $889.7M to $1.69B, a change of $800.5M. The latest reported quarter, Q2 2026, shows $452.5M.
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.
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