Northwest Biotherapeutics (NWBO) Operating Expenses (2010 - 2026)
Northwest Biotherapeutics (NWBO) posted quarterly Operating Expenses of $11.4 million for Q1 2026, down 35.58% year-over-year from $17.7 million in Q1 2025, and down 19.62% quarter-over-quarter from $14.2 million in Q4 2025.
Analysis
Northwest Biotherapeutics (NWBO) Operating Expenses (2010 - 2026) Analysis & Trends
Northwest Biotherapeutics' Operating Expenses history runs 17 years deep, the most recent figure standing at $11.4 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 35.58% year-over-year to $11.4 million; the TTM figure through Mar 2026 stood at $55.0 million (down 20.92% YoY), while the FY2025 annual figure was $61.3 million, down 9.72% from the prior year.
- Operating Expenses for Q1 2026 stood at $11.4 million, down from $14.2 million in the prior quarter.
- The five-year high for Operating Expenses was $21.6 million in Q2 2022, with the low at $11.4 million in Q1 2026.
- The 5-year median for Operating Expenses is $15.2 million (2024), against an average of $15.7 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 75.86% in 2022, then sank 36.14% in 2023.
- Northwest Biotherapeutics' Operating Expenses stood at $18.8 million in 2022, then slipped by 16.98% to $15.6 million in 2023, then increased by 20.16% to $18.7 million in 2024, then dropped by 24.31% to $14.2 million in 2025, then declined by 19.62% to $11.4 million in 2026.
- Business Quant data shows NWBO's Operating Expenses at $11.4 million in Q1 2026, $14.2 million in Q4 2025, and $14.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Northwest Biotherapeutics | 278.23 Mn | 277.63 Mn | - | 12.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.41 Mn |
| Mar 31, 2026 | 11.39 Mn |
| Dec 31, 2025 | 14.18 Mn |
| Sep 30, 2025 | 14.52 Mn |
| Jun 30, 2025 | 14.91 Mn |
| Mar 31, 2025 | 17.69 Mn |
| Dec 31, 2024 | 18.73 Mn |
| Sep 30, 2024 | 15.16 Mn |
| Jun 30, 2024 | 17.97 Mn |
| Mar 31, 2024 | 16.03 Mn |
| Dec 31, 2023 | 15.59 Mn |
| Sep 30, 2023 | 14.23 Mn |
| Jun 30, 2023 | 13.78 Mn |
| Mar 31, 2023 | 13.84 Mn |
| Dec 31, 2022 | 18.78 Mn |
| Sep 30, 2022 | 15.82 Mn |
| Jun 30, 2022 | 21.58 Mn |
| Mar 31, 2022 | 12.69 Mn |
| Dec 31, 2021 | 10.68 Mn |
| Sep 30, 2021 | 10.40 Mn |