Purple Biotech (PPBT) Operating Expenses (2014 - 2026)

Purple Biotech (PPBT) reported Operating Expenses of $2.3 million for Q1 2026, up 59.61% year-over-year from $1.5 million in Q1 2025, and down 23.24% quarter-over-quarter from $3.0 million in Q4 2025.

Purple Biotech (PPBT) Operating Expenses (2014 - 2026) Analysis & Trends

Purple Biotech (PPBT) has 12 years of Operating Expenses data on file, last reported at $2.3 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $2.3 million, up 59.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.0 million (up 0.59% YoY), and the FY2025 annual result was $27.5 million, up 149.5% from the prior year.
  • Operating Expenses retreated to $2.3 million in Q1 2026 per PPBT's latest filing, from $3.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $7.4 million in Q1 2022 and troughed at $1.1 million in Q4 2024.
  • A 5-year average of $3.9 million and a median of $3.6 million in 2022 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 83.28% in 2024, then jumped 185.7% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $6.7 million in 2022, then fell by 5.05% to $6.3 million in 2023, then tumbled by 83.28% to $1.1 million in 2024, then jumped by 185.7% to $3.0 million in 2025, then fell by 23.24% to $2.3 million in 2026.
  • Business Quant data shows PPBT's Operating Expenses at $2.3 million in Q1 2026, $3.0 million in Q4 2025, and $1.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 814,307.08 Bn 814,307.05 Bn - 4.33 Mn
2 Belite Bio 55,320.00 Bn 55,320.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,149.72 Bn 17,149.72 Bn - 2.97 Mn
4 Legend Biotech 3,590.00 Bn 3,589.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,650.72 Bn 1,650.72 Bn - 15.76 Mn
6 Evaxion A 1,522.09 Bn 1,522.07 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.09 Bn 105.85 Bn 2.59 Bn 1.85 Bn
9 Abivax 90.15 Bn 90.15 Bn - -67.40 Mn
10 Purple Biotech 242.86 Mn 236.43 Mn - 2.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.32 Mn
Dec 31, 2025 3.02 Mn
Sep 30, 2025 1.43 Mn
Jun 30, 2025 1.28 Mn
Mar 31, 2025 1.45 Mn
Dec 31, 2024 1.06 Mn
Sep 30, 2024 2.18 Mn
Jun 30, 2024 3.31 Mn
Mar 31, 2024 4.51 Mn
Dec 31, 2023 6.32 Mn
Sep 30, 2023 5.80 Mn
Jun 30, 2023 5.19 Mn
Mar 31, 2023 5.17 Mn
Dec 31, 2022 6.65 Mn
Sep 30, 2022 5.13 Mn
Jun 30, 2022 3.59 Mn
Mar 31, 2022 7.38 Mn
Dec 31, 2021 7.78 Mn
Sep 30, 2021 3.20 Mn
Jun 30, 2021 3.62 Mn