BioXcel Therapeutics BTAI
NASDAQ BTAI
$0.04 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

BioXcel Therapeutics (BTAI) Operating Expenses (2017 - 2026)

BioXcel Therapeutics (BTAI) posted Operating Expenses of $10.4 million for Q2 2026, down 0.52% on a QoQ basis from $10.4 million in Q1 2026, and down 35.04% year-over-year from $16.0 million in Q2 2025.

Analysis

BioXcel Therapeutics (BTAI) Operating Expenses (2017 - 2026) Analysis & Trends

BioXcel Therapeutics has reported Operating Expenses for 10 years, with the latest figure at $10.4 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 35.04% year-over-year to $10.4 million in Q2 2026; TTM through Jun 2026 was $45.7 million, a 13.19% decrease from a year earlier, with the FY2025 full-year figure at $51.1 million, down 26.48% from the prior year.
  • Operating Expenses was $10.4 million for Q2 2026 at BioXcel Therapeutics, down from $10.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $53.1 million in Q4 2022, with the low at $10.3 million in Q1 2025.
  • Average Operating Expenses over 5 years is $26.4 million, with a median of $19.3 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 103.33% in 2022, then sank 68.12% in 2024.
  • Over 5 years, Operating Expenses stood at $53.1 million in 2022, then tumbled by 61.89% to $20.3 million in 2023, then plunged by 46.38% to $10.9 million in 2024, then fell by 2.96% to $10.5 million in 2025, then retreated by 1.55% to $10.4 million in 2026.
  • The last three Operating Expenses figures came in at $10.4 million (Q2 2026), $10.4 million (Q1 2026), and $10.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amgen 210.97 Bn 196.98 Bn 7.24 Bn 6.54 Bn
2 Gilead Sciences 180.98 Bn 177.80 Bn 6.22 Bn 18.20 Bn
3 Vertex Pharmaceuticals 132.09 Bn 124.24 Bn 2.84 Bn 2.09 Bn
4 Regeneron Pharmaceuticals 82.56 Bn 74.57 Bn 3.93 Bn 3.00 Bn
5 Argenx Se 61.71 Bn 56.53 Bn 1.37 Bn -1.05 Bn
6 Moderna 54.60 Bn 49.46 Bn 52.00 Mn 960.00 Mn
7 Alnylam Pharmaceuticals 34.02 Bn 30.71 Bn 992.69 Mn 1.06 Bn
8 Biogen 31.25 Bn 29.97 Bn 1.96 Bn 2.60 Bn
9 Roivant Sciences 29.76 Bn 29.76 Bn 1.16 Mn 367.83 Mn
10 BioXcel Therapeutics 2.19 Mn 2.19 Mn 160,000.00 10.38 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.38 Mn
Mar 31, 2026 10.43 Mn
Dec 31, 2025 10.54 Mn
Sep 30, 2025 14.33 Mn
Jun 30, 2025 15.97 Mn
Mar 31, 2025 10.27 Mn
Dec 31, 2024 10.86 Mn
Sep 30, 2024 15.51 Mn
Jun 30, 2024 18.40 Mn
Mar 31, 2024 24.75 Mn
Dec 31, 2023 20.25 Mn
Sep 30, 2023 48.64 Mn
Jun 30, 2023 52.87 Mn
Mar 31, 2023 51.40 Mn
Dec 31, 2022 53.13 Mn
Sep 30, 2022 39.13 Mn
Jun 30, 2022 36.29 Mn
Mar 31, 2022 31.48 Mn
Dec 31, 2021 26.13 Mn
Sep 30, 2021 26.81 Mn