Belite Bio (BLTE) Operating Expenses (2022 - 2026)

Belite Bio (BLTE) recorded quarterly Operating Expenses of $32.7 million in Q1 2026, down 99.88% quarter-over-quarter from $28.1 billion in Q4 2025, and up 110.63% on a YoY basis from $15.5 million in Q1 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.

  • 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 was $32.7 million for Q1 2026 at Belite Bio, down from $28.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $28.1 billion in Q4 2025 to a low of $6.7 million in Q4 2022.
  • Historically, Operating Expenses has averaged $8.0 billion across 5 years, with a median of $6.9 billion in 2023.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 164630.41% in 2024, then sank 99.81% in 2025.
  • A 5-year view of Operating Expenses shows it 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 sank by 99.88% to $32.7 million in 2026.
  • The last three Operating Expenses figures came in at $32.7 million (Q1 2026), $28.1 billion (Q4 2025), and $23.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Regeneron Pharmaceuticals 63.43 Bn 54.67 Bn 3.31 Bn 2.96 Bn

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