Inhibrx Biosciences (INBX) Operating Expenses (2023 - 2025)
Inhibrx Biosciences' (INBX) quarterly Operating Expenses came in at $30.9 million in Q4 2025, down 38.19% year-on-year from $50.0 million in Q4 2024, and down 8.54% on a QoQ basis from $33.8 million in Q3 2025.
Inhibrx Biosciences (INBX) Operating Expenses (2023 - 2025) Analysis & Trends
Inhibrx Biosciences (INBX) has 3 years of Operating Expenses data on file, last reported at $30.9 million in Q4 2025.
- On a quarterly basis, Operating Expenses fell 38.19% year-over-year to $30.9 million in Q4 2025; TTM through Dec 2025 was $136.3 million, a 58.89% decrease from a year earlier, with the FY2025 full-year figure at $136.3 million, down 58.89% from the prior year.
- Operating Expenses for Q4 2025 stood at $30.9 million, down from $33.8 million in the prior quarter.
- Over the last five years, Operating Expenses for INBX reached as high as $161.0 million in Q2 2024 and fell as low as $28.7 million in Q2 2025.
- Historically, Operating Expenses has averaged $58.7 million across 3 years, with a median of $45.9 million in 2023.
- Across the five-year window, Operating Expenses jumped 289.18% in 2024 and sank 82.18% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $89.9 million in 2023, then slumped by 44.37% to $50.0 million in 2024, then slumped by 38.19% to $30.9 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $30.9 million in Q4 2025, $33.8 million in Q3 2025, and $28.7 million in Q2 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 | Inhibrx Biosciences | 1.32 Bn | 1.32 Bn | - | 30.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 30.92 Mn |
| Sep 30, 2025 | 33.81 Mn |
| Jun 30, 2025 | 28.69 Mn |
| Mar 31, 2025 | 42.90 Mn |
| Dec 31, 2024 | 50.03 Mn |
| Sep 30, 2024 | 46.80 Mn |
| Jun 30, 2024 | 161.00 Mn |
| Mar 31, 2024 | 73.83 Mn |
| Dec 31, 2023 | 89.92 Mn |
| Sep 30, 2023 | 45.95 Mn |
| Jun 30, 2023 | 41.37 Mn |