Connect Biopharma Holdings (CNTB) Operating Expenses (2024 - 2026)

Connect Biopharma Holdings (CNTB) posted quarterly Operating Expenses of $19.8 million for Q1 2026, up 72.76% year-on-year from $11.4 million in Q1 2025, and up 27.37% on a QoQ basis from $15.5 million in Q4 2025.

Connect Biopharma Holdings (CNTB) Operating Expenses (2024 - 2026) Analysis & Trends

Connect Biopharma Holdings (CNTB) has reported Operating Expenses for 3 consecutive years, with $19.8 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses rose 72.76% year-over-year to $19.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $66.5 million (up 40.53% YoY) and the FY2025 annual result came in at $58.1 million, up 19.91% from the prior year.
  • Operating Expenses grew to $19.8 million in Q1 2026 per CNTB's latest filing, from $15.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for CNTB reached as high as $19.8 million in Q1 2026 and fell as low as $10.3 million in Q4 2024.
  • A 3-year average of $14.0 million and a median of $13.5 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2025 — Operating Expenses retreated 9.39% — and 2026, when it surged 72.76%.
  • Year by year, Operating Expenses stood at $10.3 million in 2024, then surged by 50.49% to $15.5 million in 2025, then climbed by 27.37% to $19.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $19.8 million, $15.5 million, and $17.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 66,621.14 Bn 66,620.85 Bn - -28.01 Mn
2 Nanobiotix 1,915.18 Bn 1,915.11 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.27 Bn 466.48 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.81 Bn 114.57 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 69.58 Bn 60.82 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.72 Bn 62.72 Bn - 32.68 Mn
8 Argenx Se 55.51 Bn 50.33 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.35 Bn 37.35 Bn - 445.22 Mn
10 Connect Biopharma Holdings 120.44 Mn 120.44 Mn - 19.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 19.78 Mn
Dec 31, 2025 15.53 Mn
Sep 30, 2025 17.69 Mn
Jun 30, 2025 13.47 Mn
Mar 31, 2025 11.45 Mn
Dec 31, 2024 10.32 Mn
Sep 30, 2024 15.07 Mn
Jun 30, 2024 10.47 Mn
Mar 31, 2024 12.63 Mn