Cabaletta Bio (CABA) Operating Expenses (2018 - 2025)
Cabaletta Bio's quarterly Operating Expenses came in at $42.6 million in Q4 2025, up 26.12% year-on-year from $33.8 million in Q4 2024, and down 8.54% quarter-over-quarter from $46.6 million in Q3 2025.
Cabaletta Bio has reported Operating Expenses for 8 years, with the latest figure at $42.6 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 26.12% year-over-year to $42.6 million; the trailing twelve-month figure through Dec 2025 stood at $172.2 million (up 37.64% YoY), and the FY2025 full-year result was $172.2 million, up 37.64% from the prior year.
- Operating Expenses for Q4 2025 stood at $42.6 million, down from $46.6 million in the prior quarter.
- The five-year high for Operating Expenses was $46.6 million in Q3 2025, with the low at $9.7 million in Q1 2021.
- Average Operating Expenses over 5 years is $23.6 million, with a median of $17.8 million recorded in 2023.
- Year-over-year, Operating Expenses increased 1.86% in 2022 and surged 90.55% in 2024.
- Tracing CABA's Operating Expenses over 5 years: stood at $13.9 million in 2021, then gained by 17.34% to $16.3 million in 2022, then jumped by 41.98% to $23.1 million in 2023, then soared by 45.96% to $33.8 million in 2024, then climbed by 26.12% to $42.6 million in 2025.
- The last three Operating Expenses figures came in at $42.6 million (Q4 2025), $46.6 million (Q3 2025), and $45.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 961,148.99 Bn | 961,148.98 Bn | - | 2.97 Mn |
| 2 | Alterity Therapeutics | 744,933.29 Bn | 744,933.26 Bn | - | 4.33 Mn |
| 3 | Legend Biotech | 2,540.00 Bn | 2,539.71 Bn | 242.10 Mn | -138.30 Mn |
| 4 | Nanobiotix | 2,199.85 Bn | 2,199.78 Bn | - | - |
| 5 | Akari Therapeutics | 1,635.88 Bn | 1,635.88 Bn | - | 15.76 Mn |
| 6 | Vertex Pharmaceuticals | 111.32 Bn | 104.07 Bn | 2.59 Bn | 1.85 Bn |
| 7 | Evaxion A | 62.56 Bn | 62.54 Bn | - | -3.82 Mn |
| 8 | Regeneron Pharmaceuticals | 62.55 Bn | 53.79 Bn | 3.31 Bn | 2.96 Bn |
| 9 | Alnylam Pharmaceuticals | 39.57 Bn | 36.56 Bn | 959.66 Mn | 898.54 Mn |
| 10 | Cabaletta Bio | 194.84 Mn | 61.24 Mn | - | 42.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 42.61 Mn |
| Sep 30, 2025 | 46.59 Mn |
| Jun 30, 2025 | 45.91 Mn |
| Mar 31, 2025 | 37.14 Mn |
| Dec 31, 2024 | 33.79 Mn |
| Sep 30, 2024 | 33.05 Mn |
| Jun 30, 2024 | 30.28 Mn |
| Mar 31, 2024 | 28.03 Mn |
| Dec 31, 2023 | 23.15 Mn |
| Sep 30, 2023 | 18.67 Mn |
| Jun 30, 2023 | 15.89 Mn |
| Mar 31, 2023 | 16.96 Mn |
| Dec 31, 2022 | 16.30 Mn |
| Sep 30, 2022 | 11.78 Mn |
| Jun 30, 2022 | 13.06 Mn |
| Mar 31, 2022 | 13.00 Mn |
| Dec 31, 2021 | 13.89 Mn |
| Sep 30, 2021 | 11.56 Mn |
| Jun 30, 2021 | 11.15 Mn |
| Mar 31, 2021 | 9.71 Mn |
| Dec 31, 2020 | 9.33 Mn |
| Sep 30, 2020 | 8.42 Mn |
| Jun 30, 2020 | 8.19 Mn |
| Mar 31, 2020 | 7.90 Mn |
| Dec 31, 2019 | 5.86 Mn |
| Sep 30, 2019 | 5.03 Mn |
| Jun 30, 2019 | 3.80 Mn |
| Mar 31, 2019 | 3.99 Mn |
| Dec 31, 2018 | 2.07 Mn |
| Sep 30, 2018 | 3.08 Mn |