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

Belite Bio's (BLTE) quarterly Operating Expenses came in at $32.7 million in Q1 2026, up 110.63% year-on-year from $15.5 million in Q1 2025, and down 99.88% quarter-over-quarter from $28.1 billion in Q4 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.

  • On a quarterly basis, Operating Expenses rose 110.63% year-over-year to $32.7 million in Q1 2026; TTM through Mar 2026 was $68.7 billion, a 116.91% increase from a year earlier, with the FY2025 full-year figure at $84.2 million, up 110.54% from the prior year.
  • Operating Expenses eased to $32.7 million in Q1 2026 per BLTE's latest filing, from $28.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $28.1 billion in Q4 2025 and bottomed 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.
  • Across the five-year window, Operating Expenses surged 164630.41% in 2024 and sank 99.81% in 2025, its largest moves.
  • Year by year, Operating Expenses 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 tumbled by 99.88% to $32.7 million in 2026.
  • Per Business Quant, the three latest BLTE Operating Expenses figures stand at $32.7 million (Q1 2026), $28.1 billion (Q4 2025), and $23.0 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Alnylam Pharmaceuticals 36.08 Bn 33.07 Bn 959.66 Mn 898.54 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