Sana Biotechnology (SANA) Operating Expenses (2020 - 2026)

Sana Biotechnology recorded quarterly Operating Expenses of $48.6 million in Q1 2026, down 80.06% quarter-over-quarter from $243.8 million in Q4 2025, and down 3.98% year-over-year from $50.6 million in Q1 2025.

Sana Biotechnology's Operating Expenses history runs 7 years deep, the most recent figure standing at $48.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 3.98% year-over-year to $48.6 million; the TTM figure through Mar 2026 stood at $338.2 million (up 181.12% YoY), while the FY2025 annual figure was $250.3 million, up 1575.05% from the prior year.
  • Operating Expenses came in at $48.6 million for Q1 2026 at Sana Biotechnology, down from $243.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $243.8 million in Q4 2025 to a low of -$162.2 million in Q4 2022.
  • A 5-year average of $46.1 million and a median of $48.6 million in 2026 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses slumped 245.76% in 2022 and soared 9258.46% in 2025, its largest moves.
  • Sana Biotechnology's Operating Expenses stood at -$162.2 million in 2022, then surged by 155.87% to $90.6 million in 2023, then tumbled by 97.13% to $2.6 million in 2024, then jumped by 9258.46% to $243.8 million in 2025, then slumped by 80.06% to $48.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $48.6 million, $243.8 million, and $43.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 2.97 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.33 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -138.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 15.76 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 1.85 Bn
7 Evaxion A 62.56 Bn 62.54 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 2.96 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 898.54 Mn
10 Sana Biotechnology 890.09 Mn 890.09 Mn - 48.61 Mn

Historic Data

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DateValue
Mar 31, 2026 48.61 Mn
Dec 31, 2025 243.79 Mn
Sep 30, 2025 43.52 Mn
Jun 30, 2025 2.24 Mn
Mar 31, 2025 50.63 Mn
Dec 31, 2024 2.61 Mn
Sep 30, 2024 61.76 Mn
Jun 30, 2024 5.29 Mn
Mar 31, 2024 4.06 Mn
Dec 31, 2023 90.62 Mn
Sep 30, 2023 2.18 Mn
Jun 30, 2023 116.29 Mn
Mar 31, 2023 84.05 Mn
Dec 31, 2022 -162.20 Mn
Sep 30, 2022 86.19 Mn
Jun 30, 2022 72.90 Mn
Mar 31, 2022 31.69 Mn
Dec 31, 2021 111.28 Mn
Sep 30, 2021 83.43 Mn
Jun 30, 2021 57.47 Mn
Mar 31, 2021 180.75 Mn
Dec 31, 2020 113.32 Mn
Sep 30, 2020 51.64 Mn
Jun 30, 2020 36.00 Mn
Mar 31, 2020 33.28 Mn