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| 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 |