Lb Pharmaceuticals LBRX
NASDAQ LBRX
$49.31 +1.79 (+3.77%)
As of: Sep 4, 2026 · 1:31 PM EDT

Lb Pharmaceuticals (LBRX) Operating Expenses (2024 - 2026)

Lb Pharmaceuticals (LBRX) posted quarterly Operating Expenses of $22.1 million for Q1 2026, up 243.82% year-over-year from $6.4 million in Q1 2025, and up 59.37% quarter-over-quarter from $13.9 million in Q4 2025.

Analysis

Lb Pharmaceuticals (LBRX) Operating Expenses (2024 - 2026) Analysis & Trends

Lb Pharmaceuticals' Operating Expenses history runs 3 years deep, the most recent figure standing at $22.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 243.82% year-over-year to $22.1 million; the TTM figure through Mar 2026 stood at $47.6 million (changed N/A YoY), while the FY2025 annual figure was $30.4 million, down 53.1% from the prior year.
  • Operating Expenses for Q1 2026 stood at $22.1 million, up from $13.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $22.1 million in Q1 2026, with the low at $5.2 million in Q3 2025.
  • The 3-year median for Operating Expenses is $10.1 million (2025), against an average of $11.5 million.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses tumbled 67.38% in 2025, then soared 243.82% in 2026.
  • Lb Pharmaceuticals' Operating Expenses stood at $5.5 million in 2024, then soared by 150.41% to $13.9 million in 2025, then soared by 59.37% to $22.1 million in 2026.
  • Business Quant data shows LBRX's Operating Expenses at $22.1 million in Q1 2026, $13.9 million in Q4 2025, and $5.2 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 139.27 Bn 131.42 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.55 Bn 77.56 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.45 Bn 58.27 Bn 1.37 Bn -1.05 Bn
4 Moderna 57.73 Bn 52.59 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.08 Bn 44.08 Bn - 505.13 Mn
6 BeOne Medicines 39.95 Bn 34.85 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.14 Bn 31.84 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.44 Bn 27.60 Bn - 541.02 Mn
9 Insmed 27.32 Bn 26.16 Bn 358.27 Mn 427.03 Mn
10 Lb Pharmaceuticals 1.49 Bn 1.49 Bn - 53.92 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 53.92 Mn
Mar 31, 2026 22.10 Mn
Dec 31, 2025 13.87 Mn
Sep 30, 2025 5.25 Mn
Jun 30, 2025 4.86 Mn
Mar 31, 2025 6.43 Mn
Dec 31, 2024 5.54 Mn
Sep 30, 2024 16.08 Mn