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
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