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