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| Date | Value |
|---|---|
| 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 |