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| 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 | -92.71 Mn |
| Mar 31, 2021 | -79,836.00 |