Black Diamond Therapeutics (BDTX) Operating Expenses (2018 - 2026)

Black Diamond Therapeutics (BDTX) posted Operating Expenses of $11.3 million for Q1 2026, down 36.06% on a QoQ basis from $17.6 million in Q4 2025, and down 27.22% year-over-year from $15.5 million in Q1 2025.

Black Diamond Therapeutics (BDTX) Operating Expenses (2018 - 2026) Analysis & Trends

Black Diamond Therapeutics' Operating Expenses history runs 9 years deep, the most recent figure standing at $11.3 million for Q1 2026.

  • Quarterly Operating Expenses fell 27.22% year-over-year to $11.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $53.3 million (down 28.02% YoY) and the FY2025 annual result came in at $57.5 million, down 27.04% from the prior year.
  • Operating Expenses was $11.3 million for Q1 2026 at Black Diamond Therapeutics, down from $17.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $25.7 million in Q1 2022 and bottomed at $11.0 million in Q3 2025.
  • A 5-year average of $19.2 million and a median of $20.2 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses rose 10.47% — and 2025, when it slumped 39.45%.
  • Black Diamond Therapeutics' Operating Expenses stood at $21.9 million in 2022, then retreated by 4.56% to $20.9 million in 2023, then declined by 12.37% to $18.3 million in 2024, then retreated by 3.64% to $17.6 million in 2025, then tumbled by 36.06% to $11.3 million in 2026.
  • Business Quant data shows BDTX's Operating Expenses at $11.3 million in Q1 2026, $17.6 million in Q4 2025, and $11.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 66,621.14 Bn 66,620.85 Bn - -28.01 Mn
2 Nanobiotix 1,915.18 Bn 1,915.11 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.27 Bn 466.48 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.81 Bn 114.57 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 69.58 Bn 60.82 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.72 Bn 62.72 Bn - 32.68 Mn
8 Argenx Se 55.51 Bn 50.33 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.35 Bn 37.35 Bn - 445.22 Mn
10 Black Diamond Therapeutics 99.59 Mn -18.67 Mn - 11.26 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.26 Mn
Dec 31, 2025 17.61 Mn
Sep 30, 2025 10.98 Mn
Jun 30, 2025 13.42 Mn
Mar 31, 2025 15.47 Mn
Dec 31, 2024 18.28 Mn
Sep 30, 2024 18.13 Mn
Jun 30, 2024 22.13 Mn
Mar 31, 2024 20.25 Mn
Dec 31, 2023 20.86 Mn
Sep 30, 2023 24.01 Mn
Jun 30, 2023 20.03 Mn
Mar 31, 2023 21.56 Mn
Dec 31, 2022 21.85 Mn
Sep 30, 2022 22.12 Mn
Jun 30, 2022 23.17 Mn
Mar 31, 2022 25.68 Mn
Dec 31, 2021 26.08 Mn
Sep 30, 2021 35.36 Mn
Jun 30, 2021 34.72 Mn