MBX Biosciences (MBX) Operating Income (2023 - 2026)
MBX Biosciences (MBX) posted Operating Income of -$27.3 million for Q1 2026, down 5.7% sequentially from -$25.8 million in Q4 2025, and down 2.77% YoY from -$28.0 million in Q1 2025.
MBX Biosciences (MBX) Operating Income (2023 - 2026) Analysis & Trends
MBX Biosciences has reported Operating Income for 4 years, with the latest figure at -$27.3 million in Q1 2026.
- Quarterly Operating Income fell 2.77% year-over-year to -$27.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$98.8 million (down 21.35% YoY) and the FY2025 annual result came in at -$98.1 million, down 43.79% from the prior year.
- Operating Income declined to -$27.3 million in Q1 2026 per MBX's latest filing, from -$25.8 million in the prior quarter.
- Over five years, Operating Income peaked at -$10.0 million in Q4 2023 and troughed at -$27.3 million in Q1 2026.
- A 4-year average of -$19.5 million and a median of -$19.6 million in 2024 frame the typical range for Operating Income.
- The sharpest annual moves came in 2025 and 2026: Operating Income tumbled 99.26% in 2025, then declined 2.77% in 2026.
- Over 4 years, Operating Income stood at -$10.0 million in 2023, then plunged by 86.27% to -$18.6 million in 2024, then plunged by 38.61% to -$25.8 million in 2025, then declined by 5.7% to -$27.3 million in 2026.
- According to Business Quant data, Operating Income 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 128.13 Bn | 120.28 Bn | 2.84 Bn | 1.25 Bn |
| 2 | Regeneron Pharmaceuticals | 112.33 Bn | 104.33 Bn | 3.93 Bn | 1.29 Bn |
| 3 | Argenx Se | 53.24 Bn | 48.05 Bn | 1.41 Bn | 493.00 Mn |
| 4 | Revolution Medicines | 43.64 Bn | 43.64 Bn | - | -505.13 Mn |
| 5 | BeOne Medicines | 39.27 Bn | 34.17 Bn | 1.53 Bn | 325.05 Mn |
| 6 | MindWalk Holdings | 35.32 Bn | 35.31 Bn | 1.82 Bn | -3,158.03 |
| 7 | Royalty Pharma | 33.72 Bn | 35.84 Bn | - | 133.12 Mn |
| 8 | Alnylam Pharmaceuticals | 30.58 Bn | 27.27 Bn | 992.69 Mn | 231.44 Mn |
| 9 | Insmed | 27.01 Bn | 25.85 Bn | 358.27 Mn | -1.55 Mn |
| 10 | MBX Biosciences | 3.29 Bn | 3.29 Bn | - | -40.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |