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
DateValue
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