Apogee Therapeutics (APGE) Operating Expenses (2022 - 2026)

Apogee Therapeutics (APGE) reported Operating Expenses of $82.8 million for Q1 2026, up 31.18% year-over-year from $63.1 million in Q1 2025, and up 6.04% quarter-over-quarter from $78.1 million in Q4 2025.

Apogee Therapeutics (APGE) Operating Expenses (2022 - 2026) Analysis & Trends

Apogee Therapeutics (APGE) has 5 years of Operating Expenses data on file, last reported at $82.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $82.8 million, up 31.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $305.3 million (up 26.26% YoY), and the FY2025 annual result was $285.6 million, up 31.69% from the prior year.
  • Operating Expenses advanced to $82.8 million in Q1 2026 per APGE's latest filing, from $78.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $82.8 million in Q1 2026 and troughed at $1.8 million in Q2 2022.
  • A 5-year average of $44.0 million and a median of $41.2 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 939.92% in 2023, then rose 2.87% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $14.1 million in 2022, then surged by 163.53% to $37.2 million in 2023, then jumped by 104.23% to $75.9 million in 2024, then advanced by 2.87% to $78.1 million in 2025, then gained by 6.04% to $82.8 million in 2026.
  • Business Quant data shows APGE's Operating Expenses at $82.8 million in Q1 2026, $78.1 million in Q4 2025, and $71.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 814,307.08 Bn 814,307.05 Bn - 4.33 Mn
2 Belite Bio 55,320.00 Bn 55,320.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,149.72 Bn 17,149.72 Bn - 2.97 Mn
4 Legend Biotech 3,590.00 Bn 3,589.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,650.72 Bn 1,650.72 Bn - 15.76 Mn
6 Evaxion A 1,522.09 Bn 1,522.07 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.09 Bn 105.85 Bn 2.59 Bn 1.85 Bn
9 Abivax 90.15 Bn 90.15 Bn - -67.40 Mn
10 Apogee Therapeutics 6.15 Bn 5.09 Bn - 82.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 82.77 Mn
Dec 31, 2025 78.06 Mn
Sep 30, 2025 71.28 Mn
Jun 30, 2025 73.17 Mn
Mar 31, 2025 63.10 Mn
Dec 31, 2024 75.88 Mn
Sep 30, 2024 58.69 Mn
Jun 30, 2024 44.12 Mn
Mar 31, 2024 38.18 Mn
Dec 31, 2023 37.16 Mn
Sep 30, 2023 24.31 Mn
Jun 30, 2023 18.89 Mn
Mar 31, 2023 12.66 Mn
Dec 31, 2022 14.10 Mn
Sep 30, 2022 10.51 Mn
Jun 30, 2022 1.82 Mn