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
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