Kyverna Therapeutics (KYTX) Operating Expenses (2023 - 2026)
Kyverna Therapeutics (KYTX) posted Operating Expenses of $41.4 million for Q1 2026, up 5.31% on a QoQ basis from $39.3 million in Q4 2025, and down 12.74% year-over-year from $47.4 million in Q1 2025.
Kyverna Therapeutics (KYTX) Operating Expenses (2023 - 2026) Analysis & Trends
Kyverna Therapeutics' Operating Expenses history runs 4 years deep, the most recent figure standing at $41.4 million for Q1 2026.
- Quarterly Operating Expenses fell 12.74% year-over-year to $41.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $163.8 million (up 1.95% YoY) and the FY2025 annual result came in at $169.8 million, up 19.09% from the prior year.
- Operating Expenses was $41.4 million for Q1 2026 at Kyverna Therapeutics, 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.
- A 4-year average of $32.0 million and a median of $38.7 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 156.51% — and 2026, when it retreated 12.74%.
- Kyverna Therapeutics' Operating Expenses stood at $21.4 million in 2023, then soared by 91.99% to $41.0 million in 2024, then retreated by 4.29% to $39.3 million in 2025, then grew by 5.31% to $41.4 million in 2026.
- Business Quant data shows KYTX's Operating Expenses at $41.4 million in Q1 2026, $39.3 million in Q4 2025, and $38.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Kyverna Therapeutics | 440.57 Mn | 440.57 Mn | - | 41.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |