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% quarter-over-quarter from $28.1 billion in Q4 2025.
Analysis
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.
- 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 for Q1 2026 stood at $32.7 million, 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.
- The 5-year median for Operating Expenses is $6.9 billion (2023), against an average of $8.0 billion.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 164630.41% in 2024, then plunged 99.81% in 2025.
- Belite Bio's Operating Expenses stood at $6.7 million in 2022, then grew by 3.48% to $7.0 million in 2023, then soared by 164630.41% to $11.5 billion in 2024, then soared by 145.06% to $28.1 billion in 2025, then plunged by 99.88% to $32.7 million in 2026.
- Business Quant data shows BLTE's Operating Expenses at $32.7 million in Q1 2026, $28.1 billion in Q4 2025, and $23.0 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.87 Bn | 131.01 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.57 Bn | 77.57 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.51 Bn | 58.32 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 58.19 Bn | 53.05 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.07 Bn | 44.07 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 39.99 Bn | 34.89 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.38 Bn | 32.07 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.42 Bn | 27.58 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.41 Bn | 26.25 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Belite Bio | 6.25 Bn | 6.25 Bn | - | 34.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.91 Mn |
| Mar 31, 2026 | 32.68 Mn |
| Dec 31, 2025 | 280.77 |
| Sep 30, 2025 | 23.02 Mn |
| Jun 30, 2025 | 17.60 Mn |
| Mar 31, 2025 | 15.52 Mn |
| Dec 31, 2024 | 114.57 |
| Sep 30, 2024 | 9.74 Mn |
| Jun 30, 2024 | 10.47 Mn |
| Mar 31, 2024 | 8.33 Mn |
| Dec 31, 2023 | 6.96 Mn |
| Sep 30, 2023 | 10.96 Mn |
| Jun 30, 2023 | 68.71 |
| Mar 31, 2023 | 6.88 Mn |
| Dec 31, 2022 | 6.72 Mn |
| Jun 30, 2022 | 2.51 Mn |