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| 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 |