Forte Biosciences (FBRX) Operating Income (2016 - 2026)

Forte Biosciences' (FBRX) quarterly Operating Income came in at -$22.4 million in Q1 2026, down 39.17% year-on-year from -$36.9 million in Q1 2025, and up 8.68% on a QoQ basis from -$24.6 million in Q4 2025.

Forte Biosciences (FBRX) Operating Income (2016 - 2026) Analysis & Trends

Forte Biosciences (FBRX) has 11 years of Operating Income data on file, last reported at -$22.4 million in Q1 2026.

  • On a quarterly basis, Operating Income fell 39.17% year-over-year to -$22.4 million in Q1 2026; TTM through Mar 2026 was -$77.0 million, a 71.35% decrease from a year earlier, with the FY2025 full-year figure at -$70.7 million, down 93.04% from the prior year.
  • Operating Income for Q1 2026 stood at -$22.4 million, up from -$24.6 million in the prior quarter.
  • Over the last five years, Operating Income for FBRX reached as high as -$2.5 million in Q1 2022 and fell as low as -$24.6 million in Q4 2025.
  • Historically, Operating Income has averaged -$10.4 million across 5 years, with a median of -$8.6 million in 2024.
  • Across the five-year window, Operating Income surged 55.54% in 2022 and sank 234.25% in 2025, its largest moves.
  • Year by year, Operating Income stood at -$4.9 million in 2022, then fell by 29.2% to -$6.4 million in 2023, then declined by 15.2% to -$7.4 million in 2024, then sank by 234.25% to -$24.6 million in 2025, then grew by 8.68% to -$22.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$22.4 million in Q1 2026, -$24.6 million in Q4 2025, and -$18.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 Forte Biosciences 174.08 Mn 115.88 Mn - -22.44 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -22.44 Mn
Dec 31, 2025 -24.57 Mn
Sep 30, 2025 -18.38 Mn
Jun 30, 2025 -11.58 Mn
Mar 31, 2025 -16.12 Mn
Dec 31, 2024 -7.35 Mn
Sep 30, 2024 -8.63 Mn
Jun 30, 2024 -12.82 Mn
Mar 31, 2024 -7.80 Mn
Dec 31, 2023 -6.38 Mn
Sep 30, 2023 -10.22 Mn
Jun 30, 2023 -9.03 Mn
Mar 31, 2023 -6.86 Mn
Dec 31, 2022 -4.94 Mn
Sep 30, 2022 -3.42 Mn
Jun 30, 2022 -3.02 Mn
Mar 31, 2022 -2.51 Mn
Dec 31, 2021 -3.30 Mn
Sep 30, 2021 -7.70 Mn
Jun 30, 2021 -5.75 Mn