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| Date | Value |
|---|---|
| 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 |