LENZ Therapeutics (LENZ) Operating Expenses (2020 - 2026)

LENZ Therapeutics (LENZ) reported Operating Expenses of $46.0 million for Q1 2026, up 171.9% year-over-year from $16.9 million in Q1 2025, and up 14.94% quarter-over-quarter from $40.1 million in Q4 2025.

LENZ Therapeutics (LENZ) Operating Expenses (2020 - 2026) Analysis & Trends

LENZ Therapeutics (LENZ) has 7 years of Operating Expenses data on file, last reported at $46.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $46.0 million, up 171.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $139.3 million (up 134.35% YoY), and the FY2025 annual result was $110.2 million, up 88.07% from the prior year.
  • Operating Expenses advanced to $46.0 million in Q1 2026 per LENZ's latest filing, from $40.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $46.0 million in Q1 2026 and troughed at $12.6 million in Q1 2023.
  • A 5-year average of $23.1 million and a median of $21.9 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 177.09% in 2022, then slumped 51.4% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $26.8 million in 2022, then fell by 6.59% to $25.0 million in 2023, then tumbled by 39.07% to $15.2 million in 2024, then soared by 163.06% to $40.1 million in 2025, then advanced by 14.94% to $46.0 million in 2026.
  • Business Quant data shows LENZ's Operating Expenses at $46.0 million in Q1 2026, $40.1 million in Q4 2025, and $31.4 million in Q3 2025.

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 LENZ Therapeutics 192.19 Mn 192.19 Mn 825,000.00 46.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 46.04 Mn
Dec 31, 2025 40.05 Mn
Sep 30, 2025 31.39 Mn
Jun 30, 2025 21.86 Mn
Mar 31, 2025 16.93 Mn
Dec 31, 2024 15.23 Mn
Sep 30, 2024 12.95 Mn
Jun 30, 2024 14.35 Mn
Mar 31, 2024 16.09 Mn
Dec 31, 2023 24.99 Mn
Sep 30, 2023 19.87 Mn
Jun 30, 2023 14.96 Mn
Mar 31, 2023 12.62 Mn
Dec 31, 2022 26.75 Mn
Sep 30, 2022 26.15 Mn
Jun 30, 2022 26.78 Mn
Mar 31, 2022 25.96 Mn
Dec 31, 2021 18.94 Mn
Sep 30, 2021 14.60 Mn
Jun 30, 2021 17.53 Mn