Metagenomi Therapeutics (MGX) Operating Expenses (2023 - 2026)

Metagenomi Therapeutics (MGX) reported Operating Expenses of $25.8 million for Q1 2026, down 19.13% year-over-year from $31.9 million in Q1 2025, and down 8.64% quarter-over-quarter from $28.3 million in Q4 2025.

Metagenomi Therapeutics (MGX) Operating Expenses (2023 - 2026) Analysis & Trends

Metagenomi Therapeutics (MGX) has 4 years of Operating Expenses data on file, last reported at $25.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $25.8 million, down 19.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $115.1 million (down 13.42% YoY), and the FY2025 annual result was $121.2 million, down 14.15% from the prior year.
  • Operating Expenses declined to $25.8 million in Q1 2026 per MGX's latest filing, from $28.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $40.2 million in Q1 2024 and troughed at $25.8 million in Q1 2026.
  • A 4-year average of $31.7 million and a median of $31.5 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 51.12% in 2024, then decreased 20.51% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $32.6 million in 2023, then slipped by 7.23% to $30.2 million in 2024, then declined by 6.48% to $28.3 million in 2025, then slipped by 8.64% to $25.8 million in 2026.
  • Business Quant data shows MGX's Operating Expenses at $25.8 million in Q1 2026, $28.3 million in Q4 2025, and $31.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 814,307.08 Bn 814,307.05 Bn - 4.33 Mn
2 Belite Bio 55,320.00 Bn 55,320.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,149.72 Bn 17,149.72 Bn - 2.97 Mn
4 Legend Biotech 3,590.00 Bn 3,589.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,650.72 Bn 1,650.72 Bn - 15.76 Mn
6 Evaxion A 1,522.09 Bn 1,522.07 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.09 Bn 105.85 Bn 2.59 Bn 1.85 Bn
9 Abivax 90.15 Bn 90.15 Bn - -67.40 Mn
10 Metagenomi Therapeutics 46.60 Mn 46.60 Mn - 25.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.84 Mn
Dec 31, 2025 28.28 Mn
Sep 30, 2025 31.50 Mn
Jun 30, 2025 29.50 Mn
Mar 31, 2025 31.95 Mn
Dec 31, 2024 30.24 Mn
Sep 30, 2024 33.90 Mn
Jun 30, 2024 36.87 Mn
Mar 31, 2024 40.19 Mn
Dec 31, 2023 32.60 Mn
Sep 30, 2023 34.76 Mn
Jun 30, 2023 29.30 Mn
Mar 31, 2023 26.60 Mn