Bright Minds Biosciences (DRUG) Operating Expenses (2020 - 2026)

Bright Minds Biosciences (DRUG) reported Operating Expenses of -$9.6 million for Q1 2026, down 508.37% on a YoY basis from $2.3 million in Q1 2025, and down 59.5% quarter-over-quarter from -$6.0 million in Q4 2025.

Bright Minds Biosciences (DRUG) Operating Expenses (2020 - 2026) Analysis & Trends

Bright Minds Biosciences has reported Operating Expenses for 7 years, with the latest figure at -$9.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 508.37% year-over-year to -$9.6 million; the trailing twelve-month figure through Mar 2026 stood at -$3.1 million (down 199.7% YoY), and the FY2025 full-year result was $10.0 million, up 381.22% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$9.6 million, down from -$6.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $16.8 million in Q3 2025, with the low at -$9.6 million in Q1 2026.
  • Historically, Operating Expenses has averaged $706999.0 across 5 years, with a median of $873041.0 in 2023.
  • The largest YoY upside for Operating Expenses was 2842.82% in 2025 against a maximum downside of 18642.06% in 2025.
  • Bright Minds Biosciences' Operating Expenses stood at $1.1 million in 2022, then retreated by 15.2% to $951047.2 in 2023, then tumbled by 96.59% to $32422.2 in 2024, then tumbled by 18642.06% to -$6.0 million in 2025, then plunged by 59.5% to -$9.6 million in 2026.
  • The last three Operating Expenses figures came in at -$9.6 million (Q1 2026), -$6.0 million (Q4 2025), and $16.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 814,307.08 Bn 814,307.05 Bn - 4.33 Mn
2 Belite Bio 55,320.00 Bn 55,320.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,149.72 Bn 17,149.72 Bn - 2.97 Mn
4 Legend Biotech 3,590.00 Bn 3,589.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,650.72 Bn 1,650.72 Bn - 15.76 Mn
6 Evaxion A 1,522.09 Bn 1,522.07 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.09 Bn 105.85 Bn 2.59 Bn 1.85 Bn
9 Abivax 90.15 Bn 90.15 Bn - -67.40 Mn
10 Bright Minds Biosciences 16.28 Bn 16.22 Bn - -9.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.59 Mn
Dec 31, 2025 -6.01 Mn
Sep 30, 2025 16.81 Mn
Jun 30, 2025 -4.31 Mn
Mar 31, 2025 2.35 Mn
Dec 31, 2024 32,422.24
Sep 30, 2024 571,377.01
Jun 30, 2024 157,133.80
Mar 31, 2024 426,077.62
Dec 31, 2023 951,047.22
Sep 30, 2023 779,792.73
Jun 30, 2023 873,040.99
Mar 31, 2023 1.14 Mn
Dec 31, 2022 1.12 Mn
Sep 30, 2022 2.03 Mn
Jun 30, 2022 1.68 Mn
Mar 31, 2022 3.01 Mn
Dec 31, 2021 3.22 Mn
Sep 30, 2021 1.83 Mn
Jun 30, 2021 2.25 Mn