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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |