Cogent Biosciences (COGT) Operating Expenses (2017 - 2026)

Cogent Biosciences (COGT) recorded quarterly Operating Expenses of $103.6 million in Q1 2026, up 4.13% quarter-over-quarter from $99.5 million in Q4 2025, and up 38.27% on a YoY basis from $74.9 million in Q1 2025.

Cogent Biosciences (COGT) Operating Expenses (2017 - 2026) Analysis & Trends

Cogent Biosciences' Operating Expenses history runs 10 years deep, the most recent figure standing at $103.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 38.27% year-over-year to $103.6 million; the TTM figure through Mar 2026 stood at $362.0 million (up 25.5% YoY), while the FY2025 annual figure was $333.4 million, up 20.81% from the prior year.
  • Operating Expenses was $103.6 million for Q1 2026 at Cogent Biosciences, up from $99.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $103.6 million in Q1 2026 to a low of $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.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 145.45% in 2022, then increased 10.53% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $43.7 million in 2022, then jumped by 33.11% to $58.2 million in 2023, then gained by 26.63% to $73.7 million in 2024, then soared by 34.94% to $99.5 million in 2025, then grew by 4.13% to $103.6 million in 2026.
  • The last three Operating Expenses figures came in at $103.6 million (Q1 2026), $99.5 million (Q4 2025), and $83.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 788,338.31 Bn 788,338.28 Bn - 4.33 Mn
2 Belite Bio 56,560.00 Bn 56,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,329.30 Bn 17,329.30 Bn - 2.97 Mn
4 Legend Biotech 3,341.00 Bn 3,340.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,727.91 Bn 1,727.91 Bn - 15.76 Mn
6 Evaxion A 1,536.68 Bn 1,536.67 Bn - -3.82 Mn
7 Psyence Biomedical 238.34 Bn 238.33 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.42 Bn 106.17 Bn 2.59 Bn 1.85 Bn
9 Abivax 95.45 Bn 95.45 Bn - -67.40 Mn
10 Cogent Biosciences 5.19 Bn 4.32 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