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| Date | Value |
|---|---|
| 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 |