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| Date | Value |
|---|---|
| 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 |