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| Date | Value |
|---|---|
| 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 |