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

Apogee Therapeutics' (APGE) quarterly Operating Expenses came in at $82.8 million in Q1 2026, up 31.18% year-on-year from $63.1 million in Q1 2025, and up 6.04% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 31.18% year-over-year to $82.8 million in Q1 2026; TTM through Mar 2026 was $305.3 million, a 26.26% increase from a year earlier, with the FY2025 full-year figure at $285.6 million, up 31.69% from the prior year.
  • Operating Expenses for Q1 2026 stood at $82.8 million, up from $78.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for APGE reached as high as $82.8 million in Q1 2026 and fell as low as $1.8 million in Q2 2022.
  • Historically, Operating Expenses has averaged $44.0 million across 5 years, with a median of $41.2 million in 2024.
  • Across the five-year window, Operating Expenses surged 939.92% in 2023 and grew 2.87% in 2025, its largest moves.
  • Year by year, Operating Expenses 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 increased by 2.87% to $78.1 million in 2025, then grew by 6.04% to $82.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 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 Apogee Therapeutics 9.35 Bn 8.29 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