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| 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 |