Legend Biotech LEGN
NASDAQ LEGN
$21.52 -0.23 (-1.06%)
As of: Sep 4, 2026 · 3:59 PM EDT

Legend Biotech (LEGN) Operating Expenses (2019 - 2026)

Legend Biotech's (LEGN) quarterly Operating Expenses came in at $85.7 million in Q1 2026, up 21.67% YoY from $70.4 million in Q1 2025, and up 161.97% on a QoQ basis from -$138.3 million in Q4 2025.

Analysis

Legend Biotech (LEGN) Operating Expenses (2019 - 2026) Analysis & Trends

Legend Biotech (LEGN) has 8 years of Operating Expenses data on file, last reported at $85.7 million in Q1 2026.

  • Quarterly Operating Expenses rose 21.67% year-over-year to $85.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$331.4 million (up 4.5% YoY) and the FY2025 annual result came in at -$550.5 million, changed 0.04% from the prior year.
  • Operating Expenses improved to $85.7 million in Q1 2026, from -$138.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $85.7 million in Q1 2026 to a low of -$148.0 million in Q2 2024.
  • A 5-year average of -$93.1 million and a median of -$124.0 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses tumbled 117898.15% — and 2025, when it soared 153.0%.
  • Tracing LEGN's Operating Expenses over 5 years: stood at -$107.4 million in 2022, then soared by 99.87% to -$134390.0 in 2023, then tumbled by 103032.67% to -$138.6 million in 2024, then climbed by 0.22% to -$138.3 million in 2025, then soared by 161.97% to $85.7 million in 2026.
  • The last three Operating Expenses figures came in at $85.7 million (Q1 2026), -$138.3 million (Q4 2025), and -$147.9 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -1.05 Bn
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.33 Bn 44.33 Bn - 505.13 Mn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 541.02 Mn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 427.03 Mn
10 Legend Biotech 3.97 Bn 3.00 Bn 251.50 Mn -129.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -129.00 Mn
Mar 31, 2026 -125.70 Mn
Dec 31, 2025 -138.30 Mn
Sep 30, 2025 -147.87 Mn
Jun 30, 2025 -130.90 Mn
Mar 31, 2025 -133.40 Mn
Dec 31, 2024 -138.60 Mn
Sep 30, 2024 -130.82 Mn
Jun 30, 2024 -147.98 Mn
Mar 31, 2024 -132.89 Mn
Dec 31, 2023 -134.39 Mn
Sep 30, 2023 -123.96 Mn
Jun 30, 2023 -123.54 Mn
Mar 31, 2023 -107.09 Mn
Dec 31, 2022 -107.44 Mn
Sep 30, 2022 -127.76 Mn
Jun 30, 2022 -86.88 Mn
Mar 31, 2022 -94.21 Mn
Dec 31, 2021 -103.65 Mn
Sep 30, 2021 -84.12 Mn