Legend Biotech (LEGN) Operating Expenses (2019 - 2025)

Legend Biotech (LEGN) reported Operating Expenses of -$138.3 million for Q4 2025, little changed on a YoY basis from -$138.0 million in Q4 2024, and up 6.47% quarter-over-quarter from -$147.9 million in Q3 2025.

Legend Biotech (LEGN) Operating Expenses (2019 - 2025) Analysis & Trends

Legend Biotech has reported Operating Expenses for 7 years, with the latest figure at -$138.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses changed 0.22% year-over-year to -$138.3 million; the trailing twelve-month figure through Dec 2025 stood at -$550.5 million (changed 0.03% YoY), and the FY2025 full-year result was -$550.5 million, changed 0.04% from the prior year.
  • Operating Expenses for Q4 2025 stood at -$138.3 million, up from -$147.9 million in the prior quarter.
  • The five-year high for Operating Expenses was -$79836.0 in Q1 2021, with the low at -$148.0 million in Q2 2024.
  • Historically, Operating Expenses has averaged -$107.6 million across 5 years, with a median of -$123.8 million in 2023.
  • Annual changes were most pronounced in 2022 — Operating Expenses tumbled 117898.15% — and 2023, when it soared 99.87%.
  • Legend Biotech's Operating Expenses stood at -$103.6 million in 2021, then declined by 3.66% to -$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.
  • The last three Operating Expenses figures came in at -$138.3 million (Q4 2025), -$147.9 million (Q3 2025), and -$130.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Regeneron Pharmaceuticals 63.43 Bn 54.67 Bn 3.31 Bn 2.96 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -138.30 Mn
Sep 30, 2025 -147.87 Mn
Jun 30, 2025 -130.90 Mn
Mar 31, 2025 -133.39 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 -134,390.00
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
Jun 30, 2021 -92.71 Mn
Mar 31, 2021 -79,836.00