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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |