Fortress Biotech (FBIO) Operating Expenses (2010 - 2026)
Fortress Biotech's Operating Expenses came in at $28.72 million for Q2 2026, down 45.7% from $52.89 million a year earlier.
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Analysis
Fortress Biotech (FBIO) Operating Expenses (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Fortress Biotech reported Operating Expenses of $126.92 million, down 22.6% year-over-year; for FY2025, it came in at $133.48 million, down 20.6% from FY2024.
- Operating Expenses has declined in each of the last three years, with a five-year compound annual growth rate of -0.9% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $168.05 million in FY2024 (-25.9%), $226.86 million in FY2023 (-18.8%), $279.31 million in FY2022 (+8.5%) and $257.33 million in FY2021 (+84.0%).
- The five-year range for quarterly Operating Expenses is $20.87 million (Q4 2025) to $80.28 million (Q4 2021).
- Year-over-year, Operating Expenses increased in 1 of the last seven quarters, with an average decline of 22.3%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2021 (growth of 118.4%), and the weakest in Q4 2025 (a decline of 46.4%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Fortress Biotech | 72.28 Mn | -322.33 Mn | 12.58 Mn | 28.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.72 Mn |
| Dec 31, 2025 | 20.87 Mn |
| Sep 30, 2025 | 24.44 Mn |
| Jun 30, 2025 | 52.89 Mn |
| Mar 31, 2025 | 35.46 Mn |
| Dec 31, 2024 | 38.96 Mn |
| Sep 30, 2024 | 36.72 Mn |
| Jun 30, 2024 | 42.68 Mn |
| Mar 31, 2024 | 49.60 Mn |
| Dec 31, 2023 | 39.56 Mn |
| Sep 30, 2023 | 48.51 Mn |
| Jun 30, 2023 | 67.49 Mn |
| Mar 31, 2023 | 71.30 Mn |
| Dec 31, 2022 | 71.04 Mn |
| Sep 30, 2022 | 67.26 Mn |
| Jun 30, 2022 | 69.81 Mn |
| Mar 31, 2022 | 71.20 Mn |
| Dec 31, 2021 | 80.28 Mn |
| Sep 30, 2021 | 71.01 Mn |
| Jun 30, 2021 | 60.70 Mn |
API Access
Fortress Biotech Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=FBIO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FBIO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=FBIO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();