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| 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 |