Janux Therapeutics (JANX) Operating Expenses (2020 - 2026)

Janux Therapeutics' (JANX) quarterly Operating Expenses came in at $37.9 million in Q1 2026, up 8.74% year-on-year from $34.9 million in Q1 2025, and down 10.51% on a QoQ basis from $42.4 million in Q4 2025.

Janux Therapeutics (JANX) Operating Expenses (2020 - 2026) Analysis & Trends

Janux Therapeutics (JANX) has 7 years of Operating Expenses data on file, last reported at $37.9 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 8.74% year-over-year to $37.9 million in Q1 2026; TTM through Mar 2026 was $170.7 million, a 38.88% increase from a year earlier, with the FY2025 full-year figure at $167.7 million, up 53.21% from the prior year.
  • Operating Expenses for Q1 2026 stood at $37.9 million, down from $42.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for JANX reached as high as $45.3 million in Q3 2025 and fell as low as $15.1 million in Q1 2022.
  • Historically, Operating Expenses has averaged $27.8 million across 5 years, with a median of $22.3 million in 2023.
  • Across the five-year window, Operating Expenses jumped 467.98% in 2022 and dropped 11.9% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $21.1 million in 2022, then decreased by 11.9% to $18.6 million in 2023, then soared by 56.05% to $29.0 million in 2024, then surged by 46.1% to $42.4 million in 2025, then retreated by 10.51% to $37.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $37.9 million in Q1 2026, $42.4 million in Q4 2025, and $45.3 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 Janux Therapeutics 964.43 Mn 964.43 Mn - 37.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 37.95 Mn
Dec 31, 2025 42.40 Mn
Sep 30, 2025 45.25 Mn
Jun 30, 2025 45.12 Mn
Mar 31, 2025 34.90 Mn
Dec 31, 2024 29.02 Mn
Sep 30, 2024 36.28 Mn
Jun 30, 2024 22.72 Mn
Mar 31, 2024 21.41 Mn
Dec 31, 2023 18.60 Mn
Sep 30, 2023 18.33 Mn
Jun 30, 2023 21.81 Mn
Mar 31, 2023 22.33 Mn
Dec 31, 2022 21.11 Mn
Sep 30, 2022 19.84 Mn
Jun 30, 2022 19.63 Mn
Mar 31, 2022 15.13 Mn
Dec 31, 2021 15.11 Mn
Sep 30, 2021 12.06 Mn
Jun 30, 2021 6.73 Mn