MBX Biosciences MBX
NASDAQ MBX
$61.75 +0.33 (+0.54%)
As of: Sep 4, 2026 · 3:14 PM EDT

MBX Biosciences (MBX) Operating Expenses (2023 - 2026)

MBX Biosciences (MBX) posted Operating Expenses of $27.3 million for Q1 2026, up 5.7% sequentially from $25.8 million in Q4 2025, and up 2.77% YoY from $26.5 million in Q1 2025.

Analysis

MBX Biosciences (MBX) Operating Expenses (2023 - 2026) Analysis & Trends

MBX Biosciences has reported Operating Expenses for 4 years, with the latest figure at $27.3 million in Q1 2026.

  • Quarterly Operating Expenses rose 2.77% year-over-year to $27.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $78.7 million (up 63.92% YoY) and the FY2025 annual result came in at $98.1 million, up 43.79% from the prior year.
  • Operating Expenses advanced to $27.3 million in Q1 2026 per MBX's latest filing, from $25.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $27.3 million in Q1 2026 and troughed at $1.3 million in Q1 2024.
  • A 4-year average of $13.5 million and a median of $10.9 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 87.25% in 2024, then soared 1959.7% in 2025.
  • Over 4 years, Operating Expenses stood at $10.0 million in 2023, then surged by 86.27% to $18.6 million in 2024, then surged by 38.61% to $25.8 million in 2025, then advanced by 5.7% to $27.3 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $27.3 million, $25.8 million, and $23.9 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 138.51 Bn 130.66 Bn 2.84 Bn 2.09 Bn
2 Regeneron Pharmaceuticals 85.24 Bn 77.25 Bn 3.93 Bn 3.00 Bn
3 Argenx Se 63.46 Bn 58.28 Bn 1.37 Bn -1.05 Bn
4 Moderna 57.89 Bn 52.75 Bn 52.00 Mn 960.00 Mn
5 Revolution Medicines 44.02 Bn 44.02 Bn - 505.13 Mn
6 BeOne Medicines 39.95 Bn 34.85 Bn 1.53 Bn 1.21 Bn
7 Alnylam Pharmaceuticals 35.49 Bn 32.19 Bn 992.69 Mn 1.06 Bn
8 Royalty Pharma 28.43 Bn 27.59 Bn - 541.02 Mn
9 Insmed 27.39 Bn 26.22 Bn 358.27 Mn 427.03 Mn
10 MBX Biosciences 2.94 Bn 2.94 Bn - 40.93 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 40.93 Mn
Mar 31, 2026 27.27 Mn
Dec 31, 2025 25.80 Mn
Sep 30, 2025 23.93 Mn
Jun 30, 2025 21.81 Mn
Mar 31, 2025 26.53 Mn
Dec 31, 2024 18.61 Mn
Sep 30, 2024 19.61 Mn
Jun 30, 2024 16.66 Mn
Mar 31, 2024 13.31 Mn
Dec 31, 2023 9.99 Mn
Sep 30, 2023 10.95 Mn