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

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

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.

  • On a quarterly basis, Operating Expenses rose 243.82% year-over-year to $22.1 million in Q1 2026; TTM through Mar 2026 was $47.6 million, a N/A change from a year earlier, with the FY2025 full-year figure at $30.4 million, down 53.1% from the prior year.
  • Operating Expenses improved to $22.1 million in Q1 2026 per LBRX's latest filing, from $13.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $22.1 million in Q1 2026 and bottomed 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.
  • Across the five-year window, Operating Expenses plunged 67.38% in 2025 and soared 243.82% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $5.5 million in 2024, then jumped by 150.41% to $13.9 million in 2025, then jumped by 59.37% to $22.1 million in 2026.
  • Per Business Quant, the three latest LBRX Operating Expenses figures stand at $22.1 million (Q1 2026), $13.9 million (Q4 2025), and $5.2 million (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 Lb Pharmaceuticals 977.73 Mn 977.73 Mn - 22.10 Mn

Historic Data

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