Lakefront Biotherapeutics (LKFT) Operating Expenses (2014 - 2026)

Lakefront Biotherapeutics (LKFT) reported Operating Expenses of -$74.6 million for Q1 2026, up 68.12% year-over-year from -$44.4 million in Q1 2025, and down 106.03% quarter-over-quarter from $1.2 billion in Q4 2025.

Lakefront Biotherapeutics (LKFT) Operating Expenses (2014 - 2026) Analysis & Trends

Lakefront Biotherapeutics (LKFT) has 12 years of Operating Expenses data on file, last reported at -$74.6 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$74.6 million, up 68.12% year-over-year; the trailing twelve-month figure through Mar 2026 was $881.6 million (up 153.53% YoY), and the FY2025 annual result was $706.3 million, up 46.0% from the prior year.
  • Operating Expenses declined to -$74.6 million in Q1 2026 per LKFT's latest filing, from $1.2 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.2 billion in Q4 2025 and troughed at -$519.0 million in Q3 2025.
  • A 5-year average of $187.6 million and a median of -$74.6 million in 2026 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 153.03% in 2025 and fell as far as 116.41% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $883.9 million in 2022, then dropped by 24.49% to $667.5 million in 2023, then rose by 23.91% to $827.1 million in 2024, then jumped by 49.65% to $1.2 billion in 2025, then tumbled by 106.03% to -$74.6 million in 2026.
  • Business Quant data shows LKFT's Operating Expenses at -$74.6 million in Q1 2026, $1.2 billion in Q4 2025, and -$519.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 723,416.35 Bn 723,416.32 Bn - 4.33 Mn
2 Belite Bio 57,340.00 Bn 57,340.00 Bn - 32.68 Mn
3 Quantum Biopharma 19,125.08 Bn 19,125.08 Bn - 2.97 Mn
4 Legend Biotech 3,262.00 Bn 3,261.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,789.67 Bn 1,789.67 Bn - 15.76 Mn
6 Evaxion A 1,480.39 Bn 1,480.37 Bn - -3.82 Mn
7 Psyence Biomedical 241.78 Bn 241.78 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.54 Bn 106.29 Bn 2.59 Bn 1.85 Bn
9 Abivax 94.26 Bn 94.26 Bn - -67.40 Mn
10 Lakefront Biotherapeutics 9.64 Bn 9.64 Bn 1.97 Mn -74.57 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -74.57 Mn
Dec 31, 2025 1.24 Bn
Sep 30, 2025 -519.03 Mn
Jun 30, 2025 237.52 Mn
Mar 31, 2025 -233.91 Mn
Dec 31, 2024 827.08 Mn
Sep 30, 2024 -339.30 Mn
Jun 30, 2024 93.87 Mn
Mar 31, 2024 -108.09 Mn
Dec 31, 2023 667.46 Mn
Mar 31, 2023 -84.36 Mn
Dec 31, 2022 883.93 Mn
Mar 31, 2022 -149.58 Mn
Jun 30, 2021 -240.64 Mn
Mar 31, 2021 -193.46 Mn
Dec 31, 2020 322.45 Mn
Sep 30, 2020 -104.54 Mn
Jun 30, 2020 -222.30 Mn
Mar 31, 2020 -167.25 Mn
Dec 31, 2019 970.18 Mn