PepGen (PEPG) Operating Expenses (2021 - 2026)

PepGen (PEPG) reported Operating Expenses of $18.9 million for Q1 2026, down 39.52% on a YoY basis from $31.3 million in Q1 2025, and down 3.87% sequentially from $19.7 million in Q4 2025.

PepGen (PEPG) Operating Expenses (2021 - 2026) Analysis & Trends

PepGen (PEPG) has 6 years of Operating Expenses data on file, last reported at $18.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 39.52% year-over-year to $18.9 million; the trailing twelve-month figure through Mar 2026 stood at $81.2 million (down 25.65% YoY), and the FY2025 full-year result was $93.6 million, down 4.22% from the prior year.
  • Operating Expenses retreated to $18.9 million in Q1 2026, from $19.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $31.3 million in Q1 2025 to a low of $13.9 million in Q1 2022.
  • A 5-year average of $21.4 million and a median of $19.8 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 239.77% in 2022 and tumbled 39.52% in 2026, its largest moves.
  • Tracing PEPG's Operating Expenses over 5 years: stood at $17.2 million in 2022, then increased by 20.9% to $20.8 million in 2023, then climbed by 16.98% to $24.3 million in 2024, then slipped by 19.06% to $19.7 million in 2025, then fell by 3.87% to $18.9 million in 2026.
  • Business Quant data shows PEPG's Operating Expenses at $18.9 million in Q1 2026, $19.7 million in Q4 2025, and $18.7 million in 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 PepGen 145.09 Mn 145.09 Mn - 18.94 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 18.94 Mn
Dec 31, 2025 19.71 Mn
Sep 30, 2025 18.65 Mn
Jun 30, 2025 23.93 Mn
Mar 31, 2025 31.32 Mn
Dec 31, 2024 24.35 Mn
Sep 30, 2024 23.17 Mn
Jun 30, 2024 30.43 Mn
Mar 31, 2024 19.80 Mn
Dec 31, 2023 20.81 Mn
Sep 30, 2023 24.78 Mn
Jun 30, 2023 21.14 Mn
Mar 31, 2023 18.03 Mn
Dec 31, 2022 17.21 Mn
Sep 30, 2022 19.55 Mn
Jun 30, 2022 17.64 Mn
Mar 31, 2022 13.89 Mn
Dec 31, 2021 7.21 Mn
Sep 30, 2021 8.08 Mn
Jun 30, 2021 5.19 Mn