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