Fate Therapeutics (FATE) Operating Expenses (2012 - 2026)

Fate Therapeutics (FATE) reported Operating Expenses of $34.3 million for Q1 2026, down 20.07% on a YoY basis from $42.9 million in Q1 2025, and down 4.96% quarter-over-quarter from $36.1 million in Q4 2025.

Fate Therapeutics (FATE) Operating Expenses (2012 - 2026) Analysis & Trends

Fate Therapeutics has reported Operating Expenses for 15 years, with the latest figure at $34.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 20.07% year-over-year to $34.3 million; the trailing twelve-month figure through Mar 2026 stood at $145.7 million (down 31.84% YoY), and the FY2025 full-year result was $154.4 million, down 31.07% from the prior year.
  • Operating Expenses for Q1 2026 stood at $34.3 million, down from $36.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $108.8 million in Q4 2022, with the low at $34.3 million in Q1 2026.
  • Historically, Operating Expenses has averaged $63.0 million across 5 years, with a median of $53.2 million in 2023.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 68.89% — and 2023, when it sank 54.26%.
  • Fate Therapeutics' Operating Expenses stood at $108.8 million in 2022, then slumped by 54.26% to $49.8 million in 2023, then grew by 27.85% to $63.6 million in 2024, then slumped by 43.26% to $36.1 million in 2025, then dropped by 4.96% to $34.3 million in 2026.
  • The last three Operating Expenses figures came in at $34.3 million (Q1 2026), $36.1 million (Q4 2025), and $36.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Fate Therapeutics 250.86 Mn 250.86 Mn - 34.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 34.30 Mn
Dec 31, 2025 36.09 Mn
Sep 30, 2025 36.48 Mn
Jun 30, 2025 38.88 Mn
Mar 31, 2025 42.91 Mn
Dec 31, 2024 63.61 Mn
Sep 30, 2024 55.45 Mn
Jun 30, 2024 51.86 Mn
Mar 31, 2024 52.99 Mn
Dec 31, 2023 49.75 Mn
Sep 30, 2023 53.22 Mn
Jun 30, 2023 63.50 Mn
Mar 31, 2023 87.57 Mn
Dec 31, 2022 108.78 Mn
Sep 30, 2022 101.37 Mn
Jun 30, 2022 101.66 Mn
Mar 31, 2022 92.88 Mn
Dec 31, 2021 86.45 Mn
Sep 30, 2021 68.85 Mn
Jun 30, 2021 60.19 Mn