Mustang Bio MBIO
NASDAQ MBIO
$0.53 -0.01 (-2.43%)
As of: Sep 9, 2026 · 3:53 PM EDT

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

Historic Data

Download Data
DateValue
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