Fate Therapeutics FATE
NASDAQ FATE
$2.47 +0.05 (+2.07%)
As of: Sep 4, 2026 · 3:15 PM EDT

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

Fate Therapeutics' (FATE) quarterly Operating Expenses came in at $34.3 million in Q1 2026, down 20.07% YoY from $42.9 million in Q1 2025, and down 4.96% on a QoQ basis from $36.1 million in Q4 2025.

Analysis

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

Fate Therapeutics (FATE) has 15 years of Operating Expenses data on file, last reported at $34.3 million in 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 declined to $34.3 million in Q1 2026, from $36.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $108.8 million in Q4 2022 to a low of $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 sank 54.26%.
  • Tracing FATE's Operating Expenses over 5 years: 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 Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.51 Bn 130.66 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.24 Bn 77.25 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.46 Bn 58.28 Bn 1.37 Bn -1.05 Bn
4 Moderna 57.89 Bn 52.75 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.02 Bn 44.02 Bn - 505.13 Mn
6 BeOne Medicines 39.95 Bn 34.85 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.49 Bn 32.19 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.43 Bn 27.59 Bn - 541.02 Mn
9 Insmed 27.39 Bn 26.22 Bn 358.27 Mn 427.03 Mn
10 Fate Therapeutics 297.38 Mn 297.38 Mn - 33.22 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 33.22 Mn
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