Transcode Therapeutics (RNAZ) Operating Expenses (2020 - 2026)
Transcode Therapeutics' (RNAZ) quarterly Operating Expenses came in at $6.8 million in Q2 2026, up 60.85% on a YoY basis from $4.2 million in Q2 2025, and down 61.76% quarter-over-quarter from $17.8 million in Q1 2026.
Analysis
Transcode Therapeutics (RNAZ) Operating Expenses (2020 - 2026) Analysis & Trends
Transcode Therapeutics (RNAZ) has reported Operating Expenses for 7 consecutive years, with $6.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 60.85% year-over-year to $6.8 million; the trailing twelve-month figure through Jun 2026 stood at $45.1 million (up 208.07% YoY), and the FY2025 full-year result was $28.0 million, up 78.66% from the prior year.
- Operating Expenses eased to $6.8 million in Q2 2026 per RNAZ's latest filing, from $17.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $17.8 million in Q1 2026 and bottomed at $2.2 million in Q3 2024.
- Historically, Operating Expenses has averaged $5.9 million across 5 years, with a median of $4.9 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 1224.03% in 2022, then sank 59.22% in 2024.
- Over 5 years, Operating Expenses stood at $5.5 million in 2022, then retreated by 25.44% to $4.1 million in 2023, then rose by 24.28% to $5.1 million in 2024, then surged by 214.72% to $16.0 million in 2025, then plunged by 57.64% to $6.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $6.8 million, $17.8 million, and $16.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.86 Bn | 192.87 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 179.52 Bn | 176.34 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 131.47 Bn | 123.62 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 61.16 Bn | 55.98 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 53.15 Bn | 48.02 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.20 Bn | 29.89 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.65 Bn | 30.37 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 29.30 Bn | 29.30 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Transcode Therapeutics | 1.75 Mn | 1.75 Mn | - | 6.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.79 Mn |
| Mar 31, 2026 | 17.76 Mn |
| Dec 31, 2025 | 16.03 Mn |
| Sep 30, 2025 | 4.56 Mn |
| Jun 30, 2025 | 4.22 Mn |
| Mar 31, 2025 | 3.17 Mn |
| Dec 31, 2024 | 5.09 Mn |
| Sep 30, 2024 | 2.17 Mn |
| Jun 30, 2024 | 5.11 Mn |
| Mar 31, 2024 | 3.29 Mn |
| Dec 31, 2023 | 4.10 Mn |
| Sep 30, 2023 | 5.31 Mn |
| Jun 30, 2023 | 5.12 Mn |
| Mar 31, 2023 | 4.89 Mn |
| Dec 31, 2022 | 5.50 Mn |
| Sep 30, 2022 | 4.95 Mn |
| Jun 30, 2022 | 4.71 Mn |
| Mar 31, 2022 | 3.48 Mn |
| Dec 31, 2021 | 2.99 Mn |
| Sep 30, 2021 | 2.36 Mn |