Growth Metrics

Kyverna Therapeutics (KYTX) Operating Expenses (2023 - 2026)

Kyverna Therapeutics posted quarterly Operating Expenses of $41.4 million for Q1 2026, down 12.74% year-on-year from $47.4 million in Q1 2025, and up 5.31% on a QoQ basis from $39.3 million in Q4 2025.

Kyverna Therapeutics (KYTX) has 4 years of Operating Expenses data on file, last reported at $41.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 12.74% year-over-year to $41.4 million; the trailing twelve-month figure through Mar 2026 stood at $163.8 million (up 1.95% YoY), and the FY2025 full-year result was $169.8 million, up 19.09% from the prior year.
  • Operating Expenses for Q1 2026 stood at $41.4 million, up from $39.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $47.4 million in Q1 2025 and bottomed at $11.4 million in Q1 2023.
  • The 4-year median for Operating Expenses is $38.7 million (2025), against an average of $32.0 million.
  • The widest annual swing landed in 2024, when Operating Expenses soared 156.51%; it then dropped 12.74% in 2026.
  • A 4-year view of Operating Expenses shows it stood at $21.4 million in 2023, then surged by 91.99% to $41.0 million in 2024, then fell by 4.29% to $39.3 million in 2025, then climbed by 5.31% to $41.4 million in 2026.
  • The last three Operating Expenses figures came in at $41.4 million (Q1 2026), $39.3 million (Q4 2025), and $38.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 2.97 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.33 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -138.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 15.76 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 1.85 Bn
7 Evaxion A 62.56 Bn 62.54 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 2.96 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 898.54 Mn
10 Kyverna Therapeutics 497.98 Mn 265.03 Mn - 41.37 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 41.37 Mn
Dec 31, 2025 39.28 Mn
Sep 30, 2025 38.73 Mn
Jun 30, 2025 44.41 Mn
Mar 31, 2025 47.41 Mn
Dec 31, 2024 41.04 Mn
Sep 30, 2024 38.77 Mn
Jun 30, 2024 33.44 Mn
Mar 31, 2024 29.36 Mn
Dec 31, 2023 21.38 Mn
Sep 30, 2023 16.28 Mn
Jun 30, 2023 13.30 Mn
Mar 31, 2023 11.45 Mn