Lantern Pharma (LTRN) Operating Expenses (2019 - 2026)
Lantern Pharma's (LTRN) quarterly Operating Expenses came in at $3.5 million in Q2 2026, down 24.59% on a YoY basis from $4.7 million in Q2 2025, and up 3.02% quarter-over-quarter from $3.4 million in Q1 2026.
Analysis
Lantern Pharma (LTRN) Operating Expenses (2019 - 2026) Analysis & Trends
Lantern Pharma (LTRN) has reported Operating Expenses for 8 consecutive years, with $3.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 24.59% year-over-year to $3.5 million; the trailing twelve-month figure through Jun 2026 stood at $15.5 million (down 24.56% YoY), and the FY2025 full-year result was $18.0 million, down 19.08% from the prior year.
- Operating Expenses rose to $3.5 million in Q2 2026 per LTRN's latest filing, from $3.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $5.9 million in Q4 2024 and bottomed at $2.1 million in Q3 2022.
- Historically, Operating Expenses has averaged $4.4 million across 5 years, with a median of $4.4 million in 2022.
- The widest YoY moves for Operating Expenses: up 77.28% in 2022, down 48.29% in 2022.
- Over 5 years, Operating Expenses stood at $3.8 million in 2022, then increased by 27.47% to $4.9 million in 2023, then climbed by 20.89% to $5.9 million in 2024, then decreased by 28.72% to $4.2 million in 2025, then slipped by 16.53% to $3.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.5 million, $3.4 million, and $4.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.44 Bn | 192.45 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 179.97 Bn | 176.79 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 130.57 Bn | 122.72 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 54.37 Bn | 49.23 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.07 Bn | 29.76 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.84 Bn | 30.55 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 29.49 Bn | 29.49 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Lantern Pharma | 21.99 Mn | 21.99 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 |