Lantern Pharma LTRN
NASDAQ LTRN
$1.76 -0.01 (-0.56%)
At close: Sep 10, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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