Lantern Pharma (LTRN) Operating Expenses (2019 - 2026)
Lantern Pharma (LTRN) posted Operating Expenses of $3.51 million for Q2 2026, down 24.6% from $4.65 million a year earlier but up 3.0% from the prior quarter.
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Analysis
Lantern Pharma (LTRN) Operating Expenses (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Lantern Pharma was $15.47 million, down 24.6% year-over-year; for FY2025, it was $17.98 million, down 19.1% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 24.9% (FY2020 to FY2025).
- In prior years, Lantern Pharma's Operating Expenses was $22.22 million in FY2024 (+24.3%), $17.88 million in FY2023 (+23.9%), $14.43 million in FY2022 (+14.6%) and $12.59 million in FY2021 (+113.1%).
- Quarterly Operating Expenses has run from a low of $2.15 million in Q3 2022 to a high of $5.9 million in Q4 2024 over five years.
- On a year-over-year basis, Operating Expenses has declined in each of the last six quarters, with an average decline of 7.6% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2021, with growth of 143.8%; the weakest was Q3 2022, with a decline of 48.3%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $3.41 million (Q1 2026), $4.2 million (Q4 2025) and $4.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,109.83 Bn | 1,078.42 Bn | 19.71 Bn | 7.95 Bn |
| 2 | Johnson & Johnson | 610.61 Bn | 529.14 Bn | 17.26 Bn | 10.12 Bn |
| 3 | AbbVie | 500.66 Bn | 473.77 Bn | 12.70 Bn | 10.56 Bn |
| 4 | Merck | 354.64 Bn | 309.02 Bn | 12.21 Bn | 12.80 Bn |
| 5 | Novartis Ag | 291.14 Bn | 255.13 Bn | 11.24 Bn | 6.09 Bn |
| 6 | Astrazeneca | 254.18 Bn | 227.87 Bn | 12.86 Bn | 9.70 Bn |
| 7 | Amgen | 229.46 Bn | 184.86 Bn | 7.24 Bn | 6.54 Bn |
| 8 | Gilead Sciences | 190.33 Bn | 164.53 Bn | 6.22 Bn | 18.20 Bn |
| 9 | Pfizer | 167.92 Bn | 114.57 Bn | 10.94 Bn | 6.68 Bn |
| 10 | Lantern Pharma | 7.95 Mn | -28.21 Mn | - | 3.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.51 Mn |
| Mar 31, 2026 | 3.41 Mn |
| Dec 31, 2025 | 4.20 Mn |
| Sep 30, 2025 | 4.35 Mn |
| Jun 30, 2025 | 4.65 Mn |
| Mar 31, 2025 | 4.77 Mn |
| Dec 31, 2024 | 5.90 Mn |
| Sep 30, 2024 | 5.18 Mn |
| Jun 30, 2024 | 5.41 Mn |
| Mar 31, 2024 | 5.73 Mn |
| Dec 31, 2023 | 4.88 Mn |
| Sep 30, 2023 | 3.52 Mn |
| Jun 30, 2023 | 5.19 Mn |
| Mar 31, 2023 | 4.29 Mn |
| Dec 31, 2022 | 3.83 Mn |
| Sep 30, 2022 | 2.15 Mn |
| Jun 30, 2022 | 4.39 Mn |
| Mar 31, 2022 | 4.07 Mn |
| Dec 31, 2021 | 3.51 Mn |
| Sep 30, 2021 | 4.15 Mn |
API Access
Lantern Pharma Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LTRN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LTRN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LTRN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();