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

Lakefront Biotherapeutics' (LKFT) quarterly Operating Expenses came in at -$74.6 million in Q1 2026, up 61.2% year-on-year from -$46.3 million in Q1 2025, and up 40.41% on a QoQ basis from -$125.1 million 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.

  • On a quarterly basis, Operating Expenses rose 61.2% year-over-year to -$74.6 million in Q1 2026; TTM through Mar 2026 was -$394.0 million, a 3.07% decrease from a year earlier, with the FY2025 full-year figure at -$534.8 million, down 49.16% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$74.6 million, up from -$125.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for LKFT reached as high as $619.9 million in Q4 2022 and fell as low as -$204.6 million in Q4 2023.
  • Historically, Operating Expenses has averaged -$46.0 million across 5 years, with a median of -$77.8 million in 2024.
  • Across the five-year window, Operating Expenses soared 95.77% in 2024 and sank 1345.7% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $619.9 million in 2022, then tumbled by 133.01% to -$204.6 million in 2023, then surged by 95.77% to -$8.7 million in 2024, then sank by 1345.7% to -$125.1 million in 2025, then jumped by 40.41% to -$74.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$74.6 million in Q1 2026, -$125.1 million in Q4 2025, and -$86.4 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 Lakefront Biotherapeutics 1.83 Bn -1.66 Bn 1.97 Mn -74.57 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -74.57 Mn
Dec 31, 2025 -125.13 Mn
Sep 30, 2025 -86.39 Mn
Jun 30, 2025 -107.88 Mn
Mar 31, 2025 -192.18 Mn
Dec 31, 2024 -8.66 Mn
Sep 30, 2024 -102.13 Mn
Jun 30, 2024 -79.26 Mn
Mar 31, 2024 -77.78 Mn
Dec 31, 2023 -204.64 Mn
Sep 30, 2023 -63.68 Mn
Jun 30, 2023 -61.20 Mn
Mar 31, 2023 -56.35 Mn
Dec 31, 2022 619.94 Mn
Mar 31, 2022 -69.97 Mn
Jun 30, 2021 -240.64 Mn
Mar 31, 2021 -54.23 Mn
Dec 31, 2020 1.37 Bn
Sep 30, 2020 -104.54 Mn
Jun 30, 2020 -224.56 Mn