Inhibrx Biosciences (INBX) Operating Expenses (2023 - 2025)

Inhibrx Biosciences (INBX) reported Operating Expenses of $30.9 million for Q4 2025, down 38.19% year-over-year from $50.0 million in Q4 2024, and down 8.54% quarter-over-quarter 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.

  • Operating Expenses for Q4 2025 came in at $30.9 million, down 38.19% year-over-year; the trailing twelve-month figure through Dec 2025 was $136.3 million (down 58.89% YoY), and the FY2025 annual result was $136.3 million, down 58.89% from the prior year.
  • Operating Expenses eased to $30.9 million in Q4 2025 per INBX's latest filing, from $33.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $161.0 million in Q2 2024 and troughed at $28.7 million in Q2 2025.
  • A 3-year average of $58.7 million and a median of $45.9 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 289.18% in 2024, then tumbled 82.18% in 2025.
  • A 3-year view of Operating Expenses shows it stood at $89.9 million in 2023, then sank by 44.37% to $50.0 million in 2024, then sank by 38.19% to $30.9 million in 2025.
  • Business Quant data shows INBX's Operating Expenses at $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 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 Inhibrx Biosciences 186.16 Mn 186.16 Mn - 30.92 Mn

Historic Data

Download Data
DateValue
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