Foghorn Therapeutics (FHTX) Operating Expenses (2019 - 2026)
Foghorn Therapeutics' (FHTX) quarterly Operating Expenses came in at $24.8 million in Q1 2026, down 13.94% year-on-year from $28.9 million in Q1 2025, and down 25.01% quarter-over-quarter from $33.1 million in Q4 2025.
Foghorn Therapeutics (FHTX) Operating Expenses (2019 - 2026) Analysis & Trends
Foghorn Therapeutics' Operating Expenses history runs 8 years deep, the most recent figure standing at $24.8 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 13.94% year-over-year to $24.8 million in Q1 2026; TTM through Mar 2026 was $113.3 million, a 6.31% decrease from a year earlier, with the FY2025 full-year figure at $117.3 million, down 6.38% from the prior year.
- Operating Expenses fell to $24.8 million in Q1 2026 per FHTX's latest filing, from $33.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $38.6 million in Q1 2023 and bottomed at $24.8 million in Q1 2026.
- The 5-year median for Operating Expenses is $33.1 million (2025), against an average of $32.1 million.
- Across the five-year window, Operating Expenses surged 43.07% in 2022 and decreased 15.81% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $36.1 million in 2022, then decreased by 13.43% to $31.2 million in 2023, then dropped by 13.98% to $26.9 million in 2024, then increased by 23.32% to $33.1 million in 2025, then decreased by 25.01% to $24.8 million in 2026.
- Per Business Quant, the three latest FHTX Operating Expenses figures stand at $24.8 million (Q1 2026), $33.1 million (Q4 2025), and $26.7 million (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 | Foghorn Therapeutics | 352.57 Mn | 263.66 Mn | - | 24.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.84 Mn |
| Dec 31, 2025 | 33.13 Mn |
| Sep 30, 2025 | 26.65 Mn |
| Jun 30, 2025 | 28.65 Mn |
| Mar 31, 2025 | 28.87 Mn |
| Dec 31, 2024 | 26.86 Mn |
| Sep 30, 2024 | 31.66 Mn |
| Jun 30, 2024 | 33.52 Mn |
| Mar 31, 2024 | 33.24 Mn |
| Dec 31, 2023 | 31.23 Mn |
| Sep 30, 2023 | 34.56 Mn |
| Jun 30, 2023 | 37.65 Mn |
| Mar 31, 2023 | 38.63 Mn |
| Dec 31, 2022 | 36.07 Mn |
| Sep 30, 2022 | 34.89 Mn |
| Jun 30, 2022 | 33.68 Mn |
| Mar 31, 2022 | 31.72 Mn |
| Dec 31, 2021 | 28.80 Mn |
| Sep 30, 2021 | 26.30 Mn |
| Jun 30, 2021 | 23.54 Mn |