Lexeo Therapeutics (LXEO) Operating Expenses (2022 - 2026)
Lexeo Therapeutics (LXEO) posted Operating Expenses of $22.3 million for Q1 2026, down 3.39% sequentially from $23.1 million in Q4 2025, and down 33.94% YoY from $33.8 million in Q1 2025.
Analysis
Lexeo Therapeutics (LXEO) Operating Expenses (2022 - 2026) Analysis & Trends
Lexeo Therapeutics has reported Operating Expenses for 5 years, with the latest figure at $22.3 million in Q1 2026.
- Quarterly Operating Expenses fell 33.94% year-over-year to $22.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $97.8 million (down 15.91% YoY) and the FY2025 annual result came in at $109.3 million, up 3.3% from the prior year.
- Operating Expenses fell to $22.3 million in Q1 2026 per LXEO's latest filing, from $23.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $33.8 million in Q1 2025 and troughed at $14.0 million in Q2 2023.
- A 5-year average of $22.6 million and a median of $22.3 million in 2026 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses jumped 82.86% in 2024, then sank 33.94% in 2026.
- Over 5 years, Operating Expenses stood at $15.2 million in 2022, then slipped by 1.47% to $15.0 million in 2023, then surged by 82.86% to $27.4 million in 2024, then retreated by 15.58% to $23.1 million in 2025, then slipped by 3.39% to $22.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $22.3 million, $23.1 million, and $21.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Lexeo Therapeutics | 419.14 Mn | 419.14 Mn | - | 28.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.02 Mn |
| Mar 31, 2026 | 22.33 Mn |
| Dec 31, 2025 | 23.12 Mn |
| Sep 30, 2025 | 21.65 Mn |
| Jun 30, 2025 | 30.69 Mn |
| Mar 31, 2025 | 33.81 Mn |
| Dec 31, 2024 | 27.38 Mn |
| Sep 30, 2024 | 31.54 Mn |
| Jun 30, 2024 | 23.55 Mn |
| Mar 31, 2024 | 23.29 Mn |
| Dec 31, 2023 | 14.97 Mn |
| Sep 30, 2023 | 20.27 Mn |
| Jun 30, 2023 | 13.98 Mn |
| Mar 31, 2023 | 19.29 Mn |
| Dec 31, 2022 | 15.20 Mn |
| Sep 30, 2022 | 18.01 Mn |