Belite Bio BLTE
NASDAQ BLTE
$186.16 +15.07 (+8.81%)
As of: Sep 4, 2026 · 2:25 PM EDT

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

Historic Data

Download Data
DateValue
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