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

Sana Biotechnology (SANA) reported Operating Expenses of $48.6 million for Q1 2026, down 3.98% on a YoY basis from $50.6 million in Q1 2025, and up 1651.22% sequentially from $2.8 million in Q4 2025.

Sana Biotechnology (SANA) Operating Expenses (2020 - 2026) Analysis & Trends

Sana Biotechnology (SANA) has 7 years of Operating Expenses data on file, last reported at $48.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 3.98% year-over-year to $48.6 million; the trailing twelve-month figure through Mar 2026 stood at $55.7 million (down 9.48% YoY), and the FY2025 full-year result was $9.3 million, down 37.72% from the prior year.
  • Operating Expenses rose to $48.6 million in Q1 2026, from $2.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $116.3 million in Q2 2023 to a low of -$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.
  • Across the five-year window, Operating Expenses sank 245.76% in 2022 and surged 1147.35% in 2025, its largest moves.
  • Tracing SANA's Operating Expenses over 5 years: stood at -$162.2 million in 2022, then slipped by 12.33% to -$182.2 million in 2023, then soared by 101.43% to $2.6 million in 2024, then rose by 6.56% to $2.8 million in 2025, then soared by 1651.22% to $48.6 million in 2026.
  • Business Quant data shows SANA's Operating Expenses at $48.6 million in Q1 2026, $2.8 million in Q4 2025, and $2.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Sana Biotechnology 881.79 Mn 881.79 Mn - 48.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.61 Mn
Dec 31, 2025 2.78 Mn
Sep 30, 2025 2.05 Mn
Jun 30, 2025 2.24 Mn
Mar 31, 2025 50.63 Mn
Dec 31, 2024 2.61 Mn
Sep 30, 2024 2.99 Mn
Jun 30, 2024 5.29 Mn
Mar 31, 2024 4.06 Mn
Dec 31, 2023 -182.21 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