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

MBX Biosciences (MBX) reported Operating Income of -$27.3 million for Q1 2026, down 2.77% on a YoY basis from -$28.0 million in Q1 2025, and down 5.7% sequentially from -$25.8 million in Q4 2025.

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

MBX Biosciences (MBX) has 4 years of Operating Income data on file, last reported at -$27.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income fell 2.77% year-over-year to -$27.3 million; the trailing twelve-month figure through Mar 2026 stood at -$98.8 million (down 21.35% YoY), and the FY2025 full-year result was -$98.1 million, down 43.79% from the prior year.
  • Operating Income declined to -$27.3 million in Q1 2026, from -$25.8 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$10.0 million in Q4 2023 to a low of -$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.
  • Across the five-year window, Operating Income sank 99.26% in 2025 and slipped 2.77% in 2026, its largest moves.
  • Tracing MBX's Operating Income over 4 years: stood at -$10.0 million in 2023, then sank by 86.27% to -$18.6 million in 2024, then sank by 38.61% to -$25.8 million in 2025, then decreased by 5.7% to -$27.3 million in 2026.
  • Business Quant data shows MBX's Operating Income at -$27.3 million in Q1 2026, -$25.8 million in Q4 2025, and -$23.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 MBX Biosciences 2.96 Bn 2.96 Bn - -27.27 Mn

Historic Data

Download Data
DateValue
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