Belite Bio (BLTE) Operating Expenses (2022 - 2026)
Belite Bio (BLTE) posted quarterly Operating Expenses of $32.7 million for Q1 2026, up 110.63% year-over-year from $15.5 million in Q1 2025, and down 99.88% on a QoQ basis from $28.1 billion in Q4 2025.
Belite Bio (BLTE) Operating Expenses (2022 - 2026) Analysis & Trends
Belite Bio (BLTE) has reported Operating Expenses for 5 consecutive years, with $32.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 110.63% year-over-year to $32.7 million; the TTM figure through Mar 2026 stood at $68.7 billion (up 116.91% YoY), while the FY2025 annual figure was $84.2 million, up 110.54% from the prior year.
- Operating Expenses came in at $32.7 million for Q1 2026 at Belite Bio, down from $28.1 billion in the prior quarter.
- The five-year high for Operating Expenses was $28.1 billion in Q4 2025, with the low at $6.7 million in Q4 2022.
- Average Operating Expenses over 5 years is $8.0 billion, with a median of $6.9 billion recorded in 2023.
- Across the five-year window, Operating Expenses soared 164630.41% in 2024 and slumped 99.81% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $6.7 million in 2022, then advanced 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 slumped by 99.88% to $32.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $32.7 million, $28.1 billion, and $23.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Genmab A | 276,399.99 Bn | 276,398.47 Bn | 831.00 Mn | -716.00 Mn |
| 2 | Akari Therapeutics | 1,217.26 Bn | 1,217.26 Bn | - | 15.76 Mn |
| 3 | BeOne Medicines | 419.38 Bn | 414.59 Bn | 1.35 Bn | 1.10 Bn |
| 4 | Vertex Pharmaceuticals | 126.54 Bn | 119.30 Bn | 2.59 Bn | 1.85 Bn |
| 5 | Pharming | 110.17 Bn | 110.12 Bn | 65.80 Mn | - |
| 6 | Regeneron Pharmaceuticals | 64.97 Bn | 56.22 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Argenx Se | 56.44 Bn | 56.44 Bn | 1.18 Bn | -919.00 Mn |
| 8 | Alnylam Pharmaceuticals | 40.09 Bn | 37.08 Bn | 959.66 Mn | 898.54 Mn |
| 9 | Revolution Medicines | 37.15 Bn | 37.15 Bn | - | 445.22 Mn |
| 10 | Belite Bio | 96.77 Mn | 96.77 Mn | - | 32.68 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 |