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| Date | Value |
|---|---|
| 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 |