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| 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 |