LENZ Therapeutics (LENZ) Operating Expenses (2020 - 2026)
LENZ Therapeutics' (LENZ) quarterly Operating Expenses came in at $46.0 million in Q1 2026, up 171.9% year-on-year from $16.9 million in Q1 2025, and up 14.94% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses rose 171.9% year-over-year to $46.0 million in Q1 2026; TTM through Mar 2026 was $139.3 million, a 134.35% increase from a year earlier, with the FY2025 full-year figure at $110.2 million, up 88.07% from the prior year.
- Operating Expenses for Q1 2026 stood at $46.0 million, up from $40.1 million in the prior quarter.
- Over the last five years, Operating Expenses for LENZ reached as high as $46.0 million in Q1 2026 and fell as low as $12.6 million in Q1 2023.
- Historically, Operating Expenses has averaged $23.1 million across 5 years, with a median of $21.9 million in 2025.
- Across the five-year window, Operating Expenses soared 177.09% in 2022 and plunged 51.4% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $26.8 million in 2022, then slipped by 6.59% to $25.0 million in 2023, then plunged by 39.07% to $15.2 million in 2024, then soared by 163.06% to $40.1 million in 2025, then increased by 14.94% to $46.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | 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 | LENZ Therapeutics | 171.81 Mn | 171.81 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 |