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

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

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

Legend Biotech (LEGN) has reported Operating Expenses for 7 consecutive years, with -$138.3 million the latest figure, recorded in Q4 2025.

  • Operating Expenses for Q4 2025 came in at -$138.3 million, changed 0.22% year-over-year; the trailing twelve-month figure through Dec 2025 was -$550.5 million (changed 0.03% YoY), and the FY2025 annual result was -$550.5 million, changed 0.04% from the prior year.
  • Operating Expenses was -$138.3 million for Q4 2025 at Legend Biotech, up from -$147.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$79836.0 in Q1 2021 and troughed at -$172.4 million in Q2 2021.
  • Average Operating Expenses over 5 years is -$111.6 million, with a median of -$125.9 million recorded in 2022.
  • Year-over-year, Operating Expenses sank 117898.15% in 2022 and surged 99.87% in 2023.
  • Over 5 years, Operating Expenses stood at -$103.6 million in 2021, then decreased by 3.66% to -$107.4 million in 2022, then soared by 99.87% to -$134390.0 in 2023, then slumped by 103032.67% to -$138.6 million in 2024, then rose by 0.22% to -$138.3 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$138.3 million in Q4 2025, -$147.9 million in Q3 2025, and -$130.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Genmab A 276,399.99 Bn 276,398.47 Bn 831.00 Mn -716.00 Mn
2 Akari Therapeutics 1,217.26 Bn 1,217.26 Bn - 15.76 Mn
3 BeOne Medicines 419.38 Bn 414.59 Bn 1.35 Bn 1.10 Bn
4 Vertex Pharmaceuticals 126.54 Bn 119.30 Bn 2.59 Bn 1.85 Bn
5 Pharming 110.17 Bn 110.12 Bn 65.80 Mn -
6 Regeneron Pharmaceuticals 64.97 Bn 56.22 Bn 3.31 Bn 2.96 Bn
7 Argenx Se 56.44 Bn 56.44 Bn 1.18 Bn -919.00 Mn
8 Alnylam Pharmaceuticals 40.09 Bn 37.08 Bn 959.66 Mn 898.54 Mn
9 Revolution Medicines 37.15 Bn 37.15 Bn - 445.22 Mn
10 Legend Biotech 11.04 Bn 10.14 Bn 242.10 Mn -138.30 Mn

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 -172.44 Mn
Mar 31, 2021 -79,836.00