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
DateValue
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