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
DateValue
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