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| 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 |