Operating Expenses

Total Operating Expenses

United Therapeutics Total Operating Expenses increased by 5.1% to $455.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.7%, from $411.60M to $455.70M. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 10.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026

How to read this metric

An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.

Detailed definition

Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...

Peer comparison

Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.

Metric ID: total_operating_expenses

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$224.30M$216.00M$245.40M$173.90M$265.10M$201.70M$315.90M$222.50M$283.10M$282.40M$354.60M$321.40M$395.00M$405.80M$378.20M$411.60M$434.10M$411.00M$433.50M$455.70M
QoQ Change-3.7%+13.6%-29.1%+52.4%-23.9%+56.6%-29.6%+27.2%-0.2%+25.6%-9.4%+22.9%+2.7%-6.8%+8.8%+5.5%-5.3%+5.5%+5.1%
YoY Change+18.2%-6.6%+28.7%+27.9%+6.8%+40.0%+12.3%+44.4%+39.5%+43.7%+6.7%+28.1%+9.9%+1.3%+14.6%+10.7%
Range$173.90M$455.70M
CAGR+16.1%
Avg YoY Growth+20.4%
Median YoY Growth+16.4%
Current Streak2 quarters growth

Frequently Asked Questions

What is United Therapeutics's total operating expenses?
United Therapeutics (UTHR) reported total operating expenses of $455.70M in Q1 2026.
How has United Therapeutics's total operating expenses changed year-over-year?
United Therapeutics's total operating expenses increased by 10.7% year-over-year, from $411.60M to $455.70M.
What is the long-term trend for United Therapeutics's total operating expenses?
Over 4 years (2021 to 2025), United Therapeutics's total operating expenses has grown at a 10.6% compound annual growth rate (CAGR), from $1.13B to $1.69B.
What does total operating expenses mean?
The total cost of running the business, including all non-production expenses.