TScan Therapeutics (TCRX) Operating Expenses (2020 - 2026)

TScan Therapeutics' (TCRX) quarterly Operating Expenses came in at $30.1 million in Q1 2026, down 21.6% year-on-year from $38.4 million in Q1 2025, and up 13.99% on a QoQ basis from $26.4 million in Q4 2025.

TScan Therapeutics (TCRX) Operating Expenses (2020 - 2026) Analysis & Trends

TScan Therapeutics (TCRX) has 7 years of Operating Expenses data on file, last reported at $30.1 million in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 21.6% year-over-year to $30.1 million in Q1 2026; TTM through Mar 2026 was $137.8 million, a 4.36% decrease from a year earlier, with the FY2025 full-year figure at $146.1 million, up 6.18% from the prior year.
  • Operating Expenses for Q1 2026 stood at $30.1 million, up from $26.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for TCRX reached as high as $41.7 million in Q2 2025 and fell as low as $19.2 million in Q1 2022.
  • Historically, Operating Expenses has averaged $29.9 million across 5 years, with a median of $29.5 million in 2023.
  • Across the five-year window, Operating Expenses soared 92.9% in 2022 and fell 29.3% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $21.7 million in 2022, then surged by 31.38% to $28.6 million in 2023, then surged by 30.84% to $37.4 million in 2024, then decreased by 29.3% to $26.4 million in 2025, then climbed by 13.99% to $30.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $30.1 million in Q1 2026, $26.4 million in Q4 2025, and $39.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 65,839.48 Bn 65,839.20 Bn - -28.01 Mn
2 Nanobiotix 1,933.82 Bn 1,933.76 Bn - -
3 Akari Therapeutics 1,009.43 Bn 1,009.43 Bn - 15.76 Mn
4 BeOne Medicines 472.40 Bn 467.61 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 122.23 Bn 114.98 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 70.05 Bn 61.29 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.46 Bn 62.46 Bn - 32.68 Mn
8 Argenx Se 55.94 Bn 50.76 Bn 1.41 Bn 2.89 Bn
9 Alnylam Pharmaceuticals 37.52 Bn 34.51 Bn 959.66 Mn 898.54 Mn
10 TScan Therapeutics 102.71 Mn -25.35 Mn - 30.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 30.12 Mn
Dec 31, 2025 26.43 Mn
Sep 30, 2025 39.56 Mn
Jun 30, 2025 41.73 Mn
Mar 31, 2025 38.42 Mn
Dec 31, 2024 37.38 Mn
Sep 30, 2024 33.67 Mn
Jun 30, 2024 34.65 Mn
Mar 31, 2024 31.94 Mn
Dec 31, 2023 28.57 Mn
Sep 30, 2023 28.64 Mn
Jun 30, 2023 27.76 Mn
Mar 31, 2023 29.55 Mn
Dec 31, 2022 21.74 Mn
Sep 30, 2022 19.94 Mn
Jun 30, 2022 19.30 Mn
Mar 31, 2022 19.18 Mn
Dec 31, 2021 17.06 Mn
Sep 30, 2021 18.25 Mn
Jun 30, 2021 13.53 Mn