AN2 Therapeutics (ANTX) Operating Expenses (2021 - 2026)
AN2 Therapeutics' (ANTX) quarterly Operating Expenses came in at $10.6 million in Q1 2026, down 8.55% year-on-year from $11.5 million in Q1 2025, and up 13.26% on a QoQ basis from $9.3 million in Q4 2025.
AN2 Therapeutics (ANTX) Operating Expenses (2021 - 2026) Analysis & Trends
AN2 Therapeutics (ANTX) has 6 years of Operating Expenses data on file, last reported at $10.6 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 8.55% year-over-year to $10.6 million in Q1 2026; TTM through Mar 2026 was $37.1 million, a 25.8% decrease from a year earlier, with the FY2025 full-year figure at $38.1 million, down 32.89% from the prior year.
- Operating Expenses for Q1 2026 stood at $10.6 million, up from $9.3 million in the prior quarter.
- Over the last five years, Operating Expenses for ANTX reached as high as $18.8 million in Q4 2023 and fell as low as $7.2 million in Q2 2025.
- Historically, Operating Expenses has averaged $12.8 million across 5 years, with a median of $11.8 million in 2022.
- Across the five-year window, Operating Expenses jumped 274.78% in 2022 and tumbled 54.56% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $12.5 million in 2022, then jumped by 50.81% to $18.8 million in 2023, then slumped by 54.3% to $8.6 million in 2024, then rose by 8.35% to $9.3 million in 2025, then climbed by 13.26% to $10.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $10.6 million in Q1 2026, $9.3 million in Q4 2025, and $10.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | AN2 Therapeutics | 167.57 Mn | 167.57 Mn | - | 10.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.55 Mn |
| Dec 31, 2025 | 9.32 Mn |
| Sep 30, 2025 | 10.04 Mn |
| Jun 30, 2025 | 7.22 Mn |
| Mar 31, 2025 | 11.54 Mn |
| Dec 31, 2024 | 8.60 Mn |
| Sep 30, 2024 | 14.01 Mn |
| Jun 30, 2024 | 15.88 Mn |
| Mar 31, 2024 | 18.30 Mn |
| Dec 31, 2023 | 18.82 Mn |
| Sep 30, 2023 | 18.18 Mn |
| Jun 30, 2023 | 16.60 Mn |
| Mar 31, 2023 | 16.04 Mn |
| Dec 31, 2022 | 12.48 Mn |
| Sep 30, 2022 | 11.77 Mn |
| Jun 30, 2022 | 10.33 Mn |
| Mar 31, 2022 | 7.68 Mn |
| Dec 31, 2021 | 7.59 Mn |
| Sep 30, 2021 | 6.93 Mn |
| Jun 30, 2021 | 5.00 Mn |