BioAtla (BCAB) Operating Expenses (2020 - 2026)

BioAtla's (BCAB) quarterly Operating Expenses came in at $9.3 million in Q1 2026, down 47.16% year-on-year from $17.6 million in Q1 2025, and down 17.3% quarter-over-quarter from $11.3 million in Q4 2025.

BioAtla (BCAB) Operating Expenses (2020 - 2026) Analysis & Trends

BioAtla's Operating Expenses history runs 7 years deep, the most recent figure standing at $9.3 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 47.16% year-over-year to $9.3 million in Q1 2026; TTM through Mar 2026 was $53.0 million, a 32.14% decrease from a year earlier, with the FY2025 full-year figure at $61.3 million, down 27.83% from the prior year.
  • Operating Expenses eased to $9.3 million in Q1 2026 per BCAB's latest filing, from $11.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $37.2 million in Q2 2023 and bottomed at $9.3 million in Q1 2026.
  • The 5-year median for Operating Expenses is $24.3 million (2022), against an average of $23.1 million.
  • Across the five-year window, Operating Expenses jumped 33.77% in 2023 and slumped 47.16% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $28.6 million in 2022, then slipped by 0.08% to $28.5 million in 2023, then tumbled by 43.08% to $16.2 million in 2024, then plunged by 30.71% to $11.3 million in 2025, then decreased by 17.3% to $9.3 million in 2026.
  • Per Business Quant, the three latest BCAB Operating Expenses figures stand at $9.3 million (Q1 2026), $11.3 million (Q4 2025), and $13.8 million (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 BioAtla 5.74 Mn 5.74 Mn - 9.31 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.31 Mn
Dec 31, 2025 11.26 Mn
Sep 30, 2025 13.79 Mn
Jun 30, 2025 18.65 Mn
Mar 31, 2025 17.61 Mn
Dec 31, 2024 16.24 Mn
Sep 30, 2024 22.27 Mn
Jun 30, 2024 21.97 Mn
Mar 31, 2024 24.46 Mn
Dec 31, 2023 28.54 Mn
Sep 30, 2023 35.02 Mn
Jun 30, 2023 37.20 Mn
Mar 31, 2023 28.93 Mn
Dec 31, 2022 28.56 Mn
Sep 30, 2022 26.18 Mn
Jun 30, 2022 29.06 Mn
Mar 31, 2022 24.35 Mn
Dec 31, 2021 23.49 Mn
Sep 30, 2021 23.70 Mn
Jun 30, 2021 30.71 Mn