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| 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 |