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

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

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

Fate Therapeutics' Operating Expenses history runs 15 years deep, the most recent figure standing at $34.3 million for Q1 2026.

  • Quarterly Operating Expenses fell 20.07% year-over-year to $34.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $145.7 million (down 31.84% YoY) and the FY2025 annual result came in at $154.4 million, down 31.07% from the prior year.
  • Operating Expenses was $34.3 million for Q1 2026 at Fate Therapeutics, down from $36.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $108.8 million in Q4 2022 and bottomed at $34.3 million in Q1 2026.
  • A 5-year average of $63.0 million and a median of $53.2 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 68.89% — and 2023, when it plunged 54.26%.
  • Fate Therapeutics' Operating Expenses stood at $108.8 million in 2022, then plunged by 54.26% to $49.8 million in 2023, then rose by 27.85% to $63.6 million in 2024, then plunged by 43.26% to $36.1 million in 2025, then fell by 4.96% to $34.3 million in 2026.
  • Business Quant data shows FATE's Operating Expenses at $34.3 million in Q1 2026, $36.1 million in Q4 2025, and $36.5 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 Fate Therapeutics 302.48 Mn 302.48 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