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
DateValue
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