Sana Biotechnology (SANA) Operating Expenses (2020 - 2026)
Sana Biotechnology (SANA) posted Operating Expenses of $48.6 million for Q1 2026, up 1651.22% sequentially from $2.8 million in Q4 2025, and down 3.98% YoY from $50.6 million in Q1 2025.
Analysis
Sana Biotechnology (SANA) Operating Expenses (2020 - 2026) Analysis & Trends
Sana Biotechnology has reported Operating Expenses for 7 years, with the latest figure at $48.6 million in Q1 2026.
- Quarterly Operating Expenses fell 3.98% year-over-year to $48.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $55.7 million (down 9.48% YoY) and the FY2025 annual result came in at $9.3 million, down 37.72% from the prior year.
- Operating Expenses rose to $48.6 million in Q1 2026 per SANA's latest filing, from $2.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $116.3 million in Q2 2023 and troughed at -$182.2 million in Q4 2023.
- A 5-year average of $10.0 million and a median of $4.1 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 245.76% in 2022, then jumped 1147.35% in 2025.
- Over 5 years, Operating Expenses stood at -$162.2 million in 2022, then fell by 12.33% to -$182.2 million in 2023, then soared by 101.43% to $2.6 million in 2024, then climbed by 6.56% to $2.8 million in 2025, then soared by 1651.22% to $48.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $48.6 million, $2.8 million, and $2.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Sana Biotechnology | 1.14 Bn | 1.14 Bn | - | 65.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.42 Mn |
| Mar 31, 2026 | 48.61 Mn |
| Dec 31, 2025 | 61.20 Mn |
| Sep 30, 2025 | 43.52 Mn |
| Jun 30, 2025 | 94.98 Mn |
| Mar 31, 2025 | 50.63 Mn |
| Dec 31, 2024 | 50.87 Mn |
| Sep 30, 2024 | 61.76 Mn |
| Jun 30, 2024 | 49.37 Mn |
| Mar 31, 2024 | 110.72 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 | 81.79 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 |