Mustang Bio (MBIO) Operating Expenses (2016 - 2026)
Mustang Bio's (MBIO) quarterly Operating Expenses came in at $1.2 million in Q2 2026, up 32.2% year-over-year from $885000.0 in Q2 2025, and up 10.59% quarter-over-quarter from $1.1 million in Q1 2026.
Analysis
Mustang Bio (MBIO) Operating Expenses (2016 - 2026) Analysis & Trends
Mustang Bio (MBIO) has reported Operating Expenses for 11 consecutive years, with $1.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 32.2% year-over-year to $1.2 million in Q2 2026; TTM through Jun 2026 was $3.5 million, a 2.49% decrease from a year earlier, with the FY2025 full-year figure at $2.4 million, down 85.03% from the prior year.
- Operating Expenses was $1.2 million for Q2 2026 at Mustang Bio, up from $1.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $19.6 million in Q1 2022 and troughed at $253000.0 in Q1 2025.
- A 5-year average of $8.1 million and a median of $6.9 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 95.16% in 2025 and soared 318.18% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $19.4 million in 2022, then tumbled by 55.02% to $8.7 million in 2023, then sank by 88.37% to $1.0 million in 2024, then sank by 34.12% to $670000.0 in 2025, then soared by 74.63% to $1.2 million in 2026.
- The last three Operating Expenses figures came in at $1.2 million (Q2 2026), $1.1 million (Q1 2026), and $670000.0 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Krystal Biotech | 10.60 Bn | 9.76 Bn | 112.79 Mn | 60.81 Mn |
| 2 | CRISPR Therapeutics AG | 5.39 Bn | 5.39 Bn | - | 127.45 Mn |
| 3 | Iovance Biotherapeutics | 3.98 Bn | 3.68 Bn | 55.72 Mn | 151.22 Mn |
| 4 | Legend Biotech | 3.97 Bn | 3.00 Bn | 251.50 Mn | -129.00 Mn |
| 5 | uniQure | 3.09 Bn | 3.09 Bn | 5.49 Mn | 51.68 Mn |
| 6 | Beam Therapeutics | 3.06 Bn | 3.06 Bn | - | 127.04 Mn |
| 7 | Precigen | 2.54 Bn | 2.54 Bn | 52.17 Mn | 32.34 Mn |
| 8 | Sarepta Therapeutics | 2.38 Bn | 1.58 Bn | 251.87 Mn | 387.96 Mn |
| 9 | Vericel | 2.06 Bn | 1.89 Bn | 56.40 Mn | 55.97 Mn |
| 10 | Mustang Bio | 3.64 Mn | 3.64 Mn | - | 1.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Mn |
| Mar 31, 2026 | 1.06 Mn |
| Dec 31, 2025 | 670,000.00 |
| Sep 30, 2025 | 624,000.00 |
| Jun 30, 2025 | 885,000.00 |
| Mar 31, 2025 | 253,000.00 |
| Dec 31, 2024 | 1.02 Mn |
| Sep 30, 2024 | 1.46 Mn |
| Jun 30, 2024 | 8.54 Mn |
| Mar 31, 2024 | 5.23 Mn |
| Dec 31, 2023 | 8.74 Mn |
| Sep 30, 2023 | 10.31 Mn |
| Jun 30, 2023 | 13.89 Mn |
| Mar 31, 2023 | 16.32 Mn |
| Dec 31, 2022 | 19.43 Mn |
| Sep 30, 2022 | 18.85 Mn |
| Jun 30, 2022 | 18.24 Mn |
| Mar 31, 2022 | 19.64 Mn |
| Dec 31, 2021 | 20.12 Mn |
| Sep 30, 2021 | 17.08 Mn |