LeonaBio (LONA) Operating Expenses (2019 - 2026)

LeonaBio's (LONA) quarterly Operating Expenses came in at $17.2 million in Q1 2026, up 815.64% year-on-year from $1.9 million in Q1 2025, and down 82.23% on a QoQ basis from $96.9 million in Q4 2025.

LeonaBio (LONA) Operating Expenses (2019 - 2026) Analysis & Trends

LeonaBio (LONA) has 8 years of Operating Expenses data on file, last reported at $17.2 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 815.64% year-over-year to $17.2 million in Q1 2026; TTM through Mar 2026 was $122.8 million, a 2.76% decrease from a year earlier, with the FY2025 full-year figure at $102.3 million, up 1.35% from the prior year.
  • Operating Expenses for Q1 2026 stood at $17.2 million, down from $96.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for LONA reached as high as $96.9 million in Q4 2025 and fell as low as $1.8 million in Q2 2025.
  • Historically, Operating Expenses has averaged $28.3 million across 5 years, with a median of $24.1 million in 2022.
  • Across the five-year window, Operating Expenses sank 90.19% in 2024 and surged 815.64% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $32.9 million in 2022, then slipped by 11.88% to $29.0 million in 2023, then jumped by 214.87% to $91.4 million in 2024, then grew by 6.06% to $96.9 million in 2025, then slumped by 82.23% to $17.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $17.2 million in Q1 2026, $96.9 million in Q4 2025, and $6.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 66,621.14 Bn 66,620.85 Bn - -28.01 Mn
2 Nanobiotix 1,915.18 Bn 1,915.11 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.27 Bn 466.48 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.81 Bn 114.57 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 69.58 Bn 60.82 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.72 Bn 62.72 Bn - 32.68 Mn
8 Argenx Se 55.51 Bn 50.33 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.35 Bn 37.35 Bn - 445.22 Mn
10 LeonaBio 138.33 Mn 70.65 Mn - 17.21 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 17.21 Mn
Dec 31, 2025 96.89 Mn
Sep 30, 2025 6.87 Mn
Jun 30, 2025 1.84 Mn
Mar 31, 2025 1.88 Mn
Dec 31, 2024 91.36 Mn
Sep 30, 2024 29.62 Mn
Jun 30, 2024 3.45 Mn
Mar 31, 2024 2.92 Mn
Dec 31, 2023 29.01 Mn
Sep 30, 2023 35.04 Mn
Jun 30, 2023 31.64 Mn
Mar 31, 2023 29.77 Mn
Dec 31, 2022 32.93 Mn
Sep 30, 2022 24.13 Mn
Jun 30, 2022 23.57 Mn
Mar 31, 2022 23.39 Mn
Dec 31, 2021 18.78 Mn
Sep 30, 2021 17.83 Mn
Jun 30, 2021 16.64 Mn