Northwest Biotherapeutics (NWBO) Operating Expenses (2010 - 2026)
Northwest Biotherapeutics' (NWBO) quarterly Operating Expenses came in at $11.4 million in Q1 2026, down 35.58% year-on-year from $17.7 million in Q1 2025, and down 19.62% quarter-over-quarter from $14.2 million in Q4 2025.
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.
- On a quarterly basis, Operating Expenses fell 35.58% year-over-year to $11.4 million in Q1 2026; TTM through Mar 2026 was $55.0 million, a 20.92% decrease from a year earlier, with the FY2025 full-year figure at $61.3 million, down 9.72% from the prior year.
- Operating Expenses eased to $11.4 million in Q1 2026 per NWBO's latest filing, from $14.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $21.6 million in Q2 2022 and bottomed 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.
- Across the five-year window, Operating Expenses soared 75.86% in 2022 and slumped 36.14% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $18.8 million in 2022, then dropped by 16.98% to $15.6 million in 2023, then rose by 20.16% to $18.7 million in 2024, then declined by 24.31% to $14.2 million in 2025, then fell by 19.62% to $11.4 million in 2026.
- Per Business Quant, the three latest NWBO Operating Expenses figures stand at $11.4 million (Q1 2026), $14.2 million (Q4 2025), and $14.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | Northwest Biotherapeutics | 253,653.43 | -1.53 Mn | - | 11.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 12.82 Mn |