CG Oncology (CGON) Operating Expenses (2023 - 2026)

CG Oncology (CGON) posted Operating Expenses of $67.5 million for Q1 2026, up 32.24% on a QoQ basis from $51.0 million in Q4 2025, and up 59.67% year-over-year from $42.3 million in Q1 2025.

CG Oncology (CGON) Operating Expenses (2023 - 2026) Analysis & Trends

CG Oncology's Operating Expenses history runs 4 years deep, the most recent figure standing at $67.5 million for Q1 2026.

  • Quarterly Operating Expenses rose 59.67% year-over-year to $67.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $220.0 million (up 62.91% YoY) and the FY2025 annual result came in at $194.8 million, up 68.23% from the prior year.
  • Operating Expenses was $67.5 million for Q1 2026 at CG Oncology, 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.
  • A 4-year average of $33.4 million and a median of $28.3 million in 2024 frame the typical range for Operating Expenses.
  • 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 soared by 98.93% to $38.5 million in 2024, then jumped by 32.51% to $51.0 million in 2025, then soared by 32.24% to $67.5 million in 2026.
  • Business Quant data shows CGON's Operating Expenses at $67.5 million in Q1 2026, $51.0 million in Q4 2025, and $52.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 CG Oncology 5.86 Bn 5.86 Bn -1.88 Mn 67.47 Mn

Historic Data

Download Data
DateValue
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