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

Janux Therapeutics (JANX) reported Operating Expenses of $37.9 million for Q1 2026, up 8.74% year-over-year from $34.9 million in Q1 2025, and down 10.51% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $37.9 million, up 8.74% year-over-year; the trailing twelve-month figure through Mar 2026 was $170.7 million (up 38.88% YoY), and the FY2025 annual result was $167.7 million, up 53.21% from the prior year.
  • Operating Expenses retreated to $37.9 million in Q1 2026 per JANX's latest filing, from $42.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $45.3 million in Q3 2025 and troughed at $15.1 million in Q1 2022.
  • A 5-year average of $27.8 million and a median of $22.3 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 467.98% in 2022, then fell 11.9% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $21.1 million in 2022, then declined 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 dropped by 10.51% to $37.9 million in 2026.
  • Business Quant data shows JANX's Operating Expenses at $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 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 Janux Therapeutics 892.99 Mn 892.99 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