Passage BIO (PASG) Operating Expenses (2019 - 2026)
Passage BIO (PASG) posted Operating Expenses of $10.2 million for Q2 2026, up 15.05% on a QoQ basis from $8.9 million in Q1 2026, and down 1.14% year-over-year from $10.3 million in Q2 2025.
Analysis
Passage BIO (PASG) Operating Expenses (2019 - 2026) Analysis & Trends
Passage BIO has reported Operating Expenses for 8 years, with the latest figure at $10.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 1.14% year-over-year to $10.2 million in Q2 2026; TTM through Jun 2026 was $38.1 million, a 29.89% decrease from a year earlier, with the FY2025 full-year figure at $43.2 million, down 33.78% from the prior year.
- Operating Expenses was $10.2 million for Q2 2026 at Passage BIO, up from $8.9 million in the prior quarter.
- The five-year high for Operating Expenses was $41.3 million in Q1 2022, with the low at $8.7 million in Q3 2025.
- Average Operating Expenses over 5 years is $20.3 million, with a median of $17.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses advanced 10.36% in 2022, then sank 49.7% in 2024.
- Over 5 years, Operating Expenses stood at $28.2 million in 2022, then tumbled by 34.69% to $18.4 million in 2023, then declined by 22.64% to $14.3 million in 2024, then decreased by 27.54% to $10.3 million in 2025, then decreased by 1.2% to $10.2 million in 2026.
- The last three Operating Expenses figures came in at $10.2 million (Q2 2026), $8.9 million (Q1 2026), and $10.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Krystal Biotech | 10.27 Bn | 9.43 Bn | 112.79 Mn | 60.81 Mn |
| 2 | CRISPR Therapeutics AG | 5.17 Bn | 5.17 Bn | - | 127.45 Mn |
| 3 | Iovance Biotherapeutics | 3.79 Bn | 3.49 Bn | 55.72 Mn | 151.22 Mn |
| 4 | Legend Biotech | 3.68 Bn | 2.71 Bn | 251.50 Mn | -129.00 Mn |
| 5 | uniQure | 3.05 Bn | 3.05 Bn | 5.49 Mn | 51.68 Mn |
| 6 | Beam Therapeutics | 2.65 Bn | 2.65 Bn | - | 127.04 Mn |
| 7 | Precigen | 2.44 Bn | 2.44 Bn | 52.17 Mn | 32.34 Mn |
| 8 | Sarepta Therapeutics | 2.33 Bn | 1.53 Bn | 251.87 Mn | 387.96 Mn |
| 9 | Vericel | 1.99 Bn | 1.83 Bn | 56.40 Mn | 55.97 Mn |
| 10 | Passage BIO | 16.38 Mn | 16.38 Mn | - | 10.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.22 Mn |
| Mar 31, 2026 | 8.88 Mn |
| Dec 31, 2025 | 10.34 Mn |
| Sep 30, 2025 | 8.66 Mn |
| Jun 30, 2025 | 10.33 Mn |
| Mar 31, 2025 | 13.82 Mn |
| Dec 31, 2024 | 14.27 Mn |
| Sep 30, 2024 | 15.91 Mn |
| Jun 30, 2024 | 16.94 Mn |
| Mar 31, 2024 | 18.05 Mn |
| Dec 31, 2023 | 18.45 Mn |
| Sep 30, 2023 | 23.28 Mn |
| Jun 30, 2023 | 25.39 Mn |
| Mar 31, 2023 | 35.88 Mn |
| Dec 31, 2022 | 28.24 Mn |
| Sep 30, 2022 | 26.03 Mn |
| Jun 30, 2022 | 39.81 Mn |
| Mar 31, 2022 | 41.31 Mn |
| Dec 31, 2021 | 50.16 Mn |
| Sep 30, 2021 | 41.60 Mn |