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| 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 |