Crescent Biopharma (CBIO) Operating Expenses (2013 - 2026)

Crescent Biopharma (CBIO) reported Operating Expenses of $25.8 million for Q1 2026, up 81.16% year-over-year from $14.2 million in Q1 2025, and down 74.82% quarter-over-quarter from $102.3 million in Q4 2025.

Crescent Biopharma (CBIO) Operating Expenses (2013 - 2026) Analysis & Trends

Crescent Biopharma (CBIO) has 14 years of Operating Expenses data on file, last reported at $25.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $25.8 million, up 81.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $175.0 million (up 294.15% YoY), and the FY2025 annual result was $163.5 million, up 308.29% from the prior year.
  • Operating Expenses slipped to $25.8 million in Q1 2026 per CBIO's latest filing, from $102.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $102.3 million in Q4 2025 and troughed at $2.6 million in Q3 2024.
  • A 5-year average of $18.7 million and a median of $11.1 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 73.19% in 2024, then soared 883.85% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $10.6 million in 2022, then dropped by 9.62% to $9.6 million in 2023, then jumped by 79.06% to $17.2 million in 2024, then surged by 495.29% to $102.3 million in 2025, then slumped by 74.82% to $25.8 million in 2026.
  • Business Quant data shows CBIO's Operating Expenses at $25.8 million in Q1 2026, $102.3 million in Q4 2025, and $25.9 million in Q3 2025.

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 Crescent Biopharma 486.92 Mn 297.76 Mn - 25.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.77 Mn
Dec 31, 2025 102.34 Mn
Sep 30, 2025 25.89 Mn
Jun 30, 2025 21.03 Mn
Mar 31, 2025 14.22 Mn
Dec 31, 2024 17.19 Mn
Sep 30, 2024 2.63 Mn
Jun 30, 2024 10.36 Mn
Mar 31, 2024 11.12 Mn
Dec 31, 2023 9.60 Mn
Sep 30, 2023 9.81 Mn
Jun 30, 2023 8.93 Mn
Mar 31, 2023 10.94 Mn
Dec 31, 2022 10.62 Mn
Sep 30, 2022 8.77 Mn
Jun 30, 2022 13.43 Mn
Mar 31, 2022 14.66 Mn
Dec 31, 2021 17.44 Mn
Sep 30, 2021 17.42 Mn
Jun 30, 2021 14.40 Mn