Cogent Biosciences (COGT) Operating Expenses (2017 - 2026)
Cogent Biosciences' (COGT) quarterly Operating Expenses came in at $103.6 million in Q1 2026, up 38.27% year-on-year from $74.9 million in Q1 2025, and up 4.13% on a QoQ basis from $99.5 million in Q4 2025.
Cogent Biosciences (COGT) Operating Expenses (2017 - 2026) Analysis & Trends
Cogent Biosciences (COGT) has 10 years of Operating Expenses data on file, last reported at $103.6 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 38.27% year-over-year to $103.6 million in Q1 2026; TTM through Mar 2026 was $362.0 million, a 25.5% increase from a year earlier, with the FY2025 full-year figure at $333.4 million, up 20.81% from the prior year.
- Operating Expenses for Q1 2026 stood at $103.6 million, up from $99.5 million in the prior quarter.
- Over the last five years, Operating Expenses for COGT reached as high as $103.6 million in Q1 2026 and fell as low as $31.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $62.9 million across 5 years, with a median of $62.4 million in 2024.
- Across the five-year window, Operating Expenses surged 145.45% in 2022 and advanced 10.53% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $43.7 million in 2022, then surged by 33.11% to $58.2 million in 2023, then advanced by 26.63% to $73.7 million in 2024, then jumped by 34.94% to $99.5 million in 2025, then increased by 4.13% to $103.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $103.6 million in Q1 2026, $99.5 million in Q4 2025, and $83.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Cogent Biosciences | 6.87 Bn | 6.87 Bn | - | 103.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 103.61 Mn |
| Dec 31, 2025 | 99.49 Mn |
| Sep 30, 2025 | 83.36 Mn |
| Jun 30, 2025 | 75.58 Mn |
| Mar 31, 2025 | 74.93 Mn |
| Dec 31, 2024 | 73.73 Mn |
| Sep 30, 2024 | 75.41 Mn |
| Jun 30, 2024 | 64.39 Mn |
| Mar 31, 2024 | 62.40 Mn |
| Dec 31, 2023 | 58.23 Mn |
| Sep 30, 2023 | 59.58 Mn |
| Jun 30, 2023 | 47.09 Mn |
| Mar 31, 2023 | 43.24 Mn |
| Dec 31, 2022 | 43.75 Mn |
| Sep 30, 2022 | 36.82 Mn |
| Jun 30, 2022 | 35.86 Mn |
| Mar 31, 2022 | 31.42 Mn |
| Dec 31, 2021 | 25.64 Mn |
| Sep 30, 2021 | 19.82 Mn |
| Jun 30, 2021 | 17.29 Mn |