Belite Bio (BLTE) Operating Expenses (2022 - 2026)
Belite Bio's (BLTE) quarterly Operating Expenses came in at $32.7 million in Q1 2026, up 110.63% year-on-year from $15.5 million in Q1 2025, and down 99.88% quarter-over-quarter from $28.1 billion in Q4 2025.
Belite Bio (BLTE) Operating Expenses (2022 - 2026) Analysis & Trends
Belite Bio's Operating Expenses history runs 5 years deep, the most recent figure standing at $32.7 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 110.63% year-over-year to $32.7 million in Q1 2026; TTM through Mar 2026 was $68.7 billion, a 116.91% increase from a year earlier, with the FY2025 full-year figure at $84.2 million, up 110.54% from the prior year.
- Operating Expenses eased to $32.7 million in Q1 2026 per BLTE's latest filing, from $28.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $28.1 billion in Q4 2025 and bottomed at $6.7 million in Q4 2022.
- The 5-year median for Operating Expenses is $6.9 billion (2023), against an average of $8.0 billion.
- Across the five-year window, Operating Expenses surged 164630.41% in 2024 and sank 99.81% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $6.7 million in 2022, then increased by 3.48% to $7.0 million in 2023, then jumped by 164630.41% to $11.5 billion in 2024, then jumped by 145.06% to $28.1 billion in 2025, then tumbled by 99.88% to $32.7 million in 2026.
- Per Business Quant, the three latest BLTE Operating Expenses figures stand at $32.7 million (Q1 2026), $28.1 billion (Q4 2025), and $23.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Alnylam Pharmaceuticals | 36.08 Bn | 33.07 Bn | 959.66 Mn | 898.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.68 Mn |
| Dec 31, 2025 | 28.08 Bn |
| Sep 30, 2025 | 23.02 Bn |
| Jun 30, 2025 | 17.60 Bn |
| Mar 31, 2025 | 15.52 Mn |
| Dec 31, 2024 | 11.46 Bn |
| Sep 30, 2024 | 9.74 Bn |
| Jun 30, 2024 | 10.47 Bn |
| Mar 31, 2024 | 8.33 Bn |
| Dec 31, 2023 | 6.96 Mn |
| Sep 30, 2023 | 10.96 Mn |
| Jun 30, 2023 | 6.87 Bn |
| Mar 31, 2023 | 6.88 Bn |
| Dec 31, 2022 | 6.72 Mn |
| Sep 30, 2022 | 2.54 Bn |
| Jun 30, 2022 | 2.51 Bn |