CG Oncology (CGON) Operating Expenses (2023 - 2026)
CG Oncology (CGON) reported Operating Expenses of $67.5 million for Q1 2026, up 59.67% on a YoY basis from $42.3 million in Q1 2025, and up 32.24% quarter-over-quarter from $51.0 million in Q4 2025.
CG Oncology (CGON) Operating Expenses (2023 - 2026) Analysis & Trends
CG Oncology has reported Operating Expenses for 4 years, with the latest figure at $67.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 59.67% year-over-year to $67.5 million; the trailing twelve-month figure through Mar 2026 stood at $220.0 million (up 62.91% YoY), and the FY2025 full-year result was $194.8 million, up 68.23% from the prior year.
- Operating Expenses for Q1 2026 stood at $67.5 million, up from $51.0 million in the prior quarter.
- The five-year high for Operating Expenses was $67.5 million in Q1 2026, with the low at $9.9 million in Q1 2023.
- Historically, Operating Expenses has averaged $33.4 million across 4 years, with a median of $28.3 million in 2024.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 131.95% — and 2025, when it soared 32.51%.
- CG Oncology's Operating Expenses stood at $19.4 million in 2023, then jumped by 98.93% to $38.5 million in 2024, then surged by 32.51% to $51.0 million in 2025, then jumped by 32.24% to $67.5 million in 2026.
- The last three Operating Expenses figures came in at $67.5 million (Q1 2026), $51.0 million (Q4 2025), and $52.8 million (Q3 2025), per Business Quant data.
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 | CG Oncology | 5.16 Bn | 5.16 Bn | -1.88 Mn | 67.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.47 Mn |
| Dec 31, 2025 | 51.02 Mn |
| Sep 30, 2025 | 52.80 Mn |
| Jun 30, 2025 | 48.74 Mn |
| Mar 31, 2025 | 42.26 Mn |
| Dec 31, 2024 | 38.51 Mn |
| Sep 30, 2024 | 28.34 Mn |
| Jun 30, 2024 | 25.96 Mn |
| Mar 31, 2024 | 23.00 Mn |
| Dec 31, 2023 | 19.36 Mn |
| Sep 30, 2023 | 14.05 Mn |
| Jun 30, 2023 | 12.33 Mn |
| Mar 31, 2023 | 9.92 Mn |