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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |