Foghorn Therapeutics (FHTX) Operating Expenses (2019 - 2026)

Foghorn Therapeutics (FHTX) recorded quarterly Operating Expenses of $24.8 million in Q1 2026, down 25.01% quarter-over-quarter from $33.1 million in Q4 2025, and down 13.94% on a YoY basis from $28.9 million in Q1 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.

  • In Q1 2026, Operating Expenses fell 13.94% year-over-year to $24.8 million; the TTM figure through Mar 2026 stood at $113.3 million (down 6.31% YoY), while the FY2025 annual figure was $117.3 million, down 6.38% from the prior year.
  • Operating Expenses was $24.8 million for Q1 2026 at Foghorn Therapeutics, down from $33.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $38.6 million in Q1 2023 to a low of $24.8 million in Q1 2026.
  • Historically, Operating Expenses has averaged $32.1 million across 5 years, with a median of $33.1 million in 2025.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 43.07% in 2022, then fell 15.81% in 2025.
  • A 5-year view of Operating Expenses shows it 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.
  • The last three Operating Expenses figures came in at $24.8 million (Q1 2026), $33.1 million (Q4 2025), and $26.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Foghorn Therapeutics 282.33 Mn 193.42 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