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| Date | Value |
|---|---|
| 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 |