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
DateValue
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