CG Oncology (CGON) Operating Expenses (2023 - 2026)
CG Oncology posted quarterly Operating Expenses of $67.5 million for Q1 2026, up 59.67% year-on-year from $42.3 million in Q1 2025, and up 32.24% on a QoQ basis from $51.0 million in Q4 2025.
CG Oncology (CGON) has 4 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at $67.5 million in Q1 2026 and bottomed at $9.9 million in Q1 2023.
- The 4-year median for Operating Expenses is $28.3 million (2024), against an average of $33.4 million.
- The widest annual swing landed in 2024, when Operating Expenses surged 131.95%; it then soared 32.51% in 2025.
- A 4-year view of Operating Expenses shows it stood at $19.4 million in 2023, then surged by 98.93% to $38.5 million in 2024, then soared by 32.51% to $51.0 million in 2025, then surged 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 | 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 | CG Oncology | 5.01 Bn | 5.01 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 |