Fulcrum Therapeutics (FULC) Operating Expenses (2018 - 2026)
Fulcrum Therapeutics' (FULC) quarterly Operating Expenses came in at $22.2 million in Q1 2026, up 8.74% year-on-year from $20.4 million in Q1 2025, and down 2.23% on a QoQ basis from $22.7 million in Q4 2025.
Fulcrum Therapeutics (FULC) Operating Expenses (2018 - 2026) Analysis & Trends
Fulcrum Therapeutics (FULC) has 9 years of Operating Expenses data on file, last reported at $22.2 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 8.74% year-over-year to $22.2 million in Q1 2026; TTM through Mar 2026 was $86.6 million, a 6.4% decrease from a year earlier, with the FY2025 full-year figure at $84.8 million, down 16.81% from the prior year.
- Operating Expenses for Q1 2026 stood at $22.2 million, down from $22.7 million in the prior quarter.
- Over the last five years, Operating Expenses for FULC reached as high as $36.1 million in Q2 2022 and fell as low as $19.4 million in Q4 2024.
- Historically, Operating Expenses has averaged $26.0 million across 5 years, with a median of $27.5 million in 2024.
- Across the five-year window, Operating Expenses soared 50.09% in 2022 and plunged 32.69% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $28.7 million in 2022, then advanced by 0.72% to $28.9 million in 2023, then tumbled by 32.69% to $19.4 million in 2024, then climbed by 16.8% to $22.7 million in 2025, then fell by 2.23% to $22.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $22.2 million in Q1 2026, $22.7 million in Q4 2025, and $21.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Fulcrum Therapeutics | 285.43 Mn | 285.43 Mn | - | 22.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.19 Mn |
| Dec 31, 2025 | 22.69 Mn |
| Sep 30, 2025 | 21.86 Mn |
| Jun 30, 2025 | 19.82 Mn |
| Mar 31, 2025 | 20.40 Mn |
| Dec 31, 2024 | 19.43 Mn |
| Sep 30, 2024 | 25.13 Mn |
| Jun 30, 2024 | 27.51 Mn |
| Mar 31, 2024 | 29.83 Mn |
| Dec 31, 2023 | 28.86 Mn |
| Sep 30, 2023 | 28.20 Mn |
| Jun 30, 2023 | 28.17 Mn |
| Mar 31, 2023 | 28.24 Mn |
| Dec 31, 2022 | 28.66 Mn |
| Sep 30, 2022 | 25.54 Mn |
| Jun 30, 2022 | 36.12 Mn |
| Mar 31, 2022 | 28.59 Mn |
| Dec 31, 2021 | 28.62 Mn |
| Sep 30, 2021 | 25.71 Mn |
| Jun 30, 2021 | 24.06 Mn |