Legend Biotech (LEGN) Operating Expenses (2019 - 2025)
Legend Biotech (LEGN) posted Operating Expenses of -$138.3 million for Q4 2025, up 6.47% on a QoQ basis from -$147.9 million in Q3 2025, and little changed year-over-year from -$138.0 million in Q4 2024.
Legend Biotech (LEGN) Operating Expenses (2019 - 2025) Analysis & Trends
Legend Biotech's Operating Expenses history runs 7 years deep, the most recent figure standing at -$138.3 million for Q4 2025.
- Quarterly Operating Expenses changed 0.22% year-over-year to -$138.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$550.5 million (changed 0.03% YoY) and the FY2025 annual result came in at -$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.
- Across five years, Operating Expenses topped out at -$79836.0 in Q1 2021 and bottomed at -$172.4 million in Q2 2021.
- A 5-year average of -$111.6 million and a median of -$125.9 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 117898.15% — and 2023, when it soared 99.87%.
- Legend Biotech's Operating Expenses stood at -$103.6 million in 2021, then retreated by 3.66% to -$107.4 million in 2022, then surged by 99.87% to -$134390.0 in 2023, then sank by 103032.67% to -$138.6 million in 2024, then increased by 0.22% to -$138.3 million in 2025.
- Business Quant data shows LEGN's Operating Expenses at -$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 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Legend Biotech | 8.26 Bn | 7.36 Bn | - | -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 |