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 🔒
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