Sionna Therapeutics (SION) Operating Expenses (2024 - 2026)

Sionna Therapeutics' (SION) quarterly Operating Expenses came in at $29.6 million in Q1 2026, up 50.56% year-on-year from $19.7 million in Q1 2025, and up 25.36% quarter-over-quarter from $23.6 million in Q4 2025.

Sionna Therapeutics (SION) Operating Expenses (2024 - 2026) Analysis & Trends

Sionna Therapeutics has disclosed Operating Expenses across 3 years of filings, most recently posting $29.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $29.6 million, up 50.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $98.9 million (up 28.36% YoY), and the FY2025 annual result was $89.0 million, up 26.12% from the prior year.
  • Operating Expenses came in at $29.6 million for Q1 2026 at Sionna Therapeutics, up from $23.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $29.6 million in Q1 2026 to a low of $11.3 million in Q2 2024.
  • The 3-year median for Operating Expenses is $21.9 million (2025), against an average of $21.0 million.
  • Peak annual rise in Operating Expenses reached 94.0% in 2025, while the deepest fall reached 14.93% in 2025.
  • Sionna Therapeutics' Operating Expenses stood at $18.1 million in 2024, then surged by 30.22% to $23.6 million in 2025, then grew by 25.36% to $29.6 million in 2026.
  • The last three Operating Expenses figures came in at $29.6 million (Q1 2026), $23.6 million (Q4 2025), and $23.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 814,307.08 Bn 814,307.05 Bn - 4.33 Mn
2 Belite Bio 55,320.00 Bn 55,320.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,149.72 Bn 17,149.72 Bn - 2.97 Mn
4 Legend Biotech 3,590.00 Bn 3,589.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,650.72 Bn 1,650.72 Bn - 15.76 Mn
6 Evaxion A 1,522.09 Bn 1,522.07 Bn - -3.82 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.09 Bn 105.85 Bn 2.59 Bn 1.85 Bn
9 Abivax 90.15 Bn 90.15 Bn - -67.40 Mn
10 Sionna Therapeutics 1.61 Bn 1.61 Bn - 29.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 29.60 Mn
Dec 31, 2025 23.61 Mn
Sep 30, 2025 23.81 Mn
Jun 30, 2025 21.91 Mn
Mar 31, 2025 19.66 Mn
Dec 31, 2024 18.13 Mn
Sep 30, 2024 27.98 Mn
Jun 30, 2024 11.29 Mn
Mar 31, 2024 13.15 Mn