Tectonic Therapeutic (TECX) Operating Expenses (2017 - 2026)

Tectonic Therapeutic (TECX) reported Operating Expenses of $27.3 million for Q1 2026, up 49.2% year-over-year from $18.3 million in Q1 2025, and up 26.89% quarter-over-quarter from $21.5 million in Q4 2025.

Tectonic Therapeutic (TECX) Operating Expenses (2017 - 2026) Analysis & Trends

Tectonic Therapeutic (TECX) has 10 years of Operating Expenses data on file, last reported at $27.3 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $27.3 million, up 49.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $93.0 million (up 46.87% YoY), and the FY2025 annual result was $84.0 million, up 44.85% from the prior year.
  • Operating Expenses climbed to $27.3 million in Q1 2026 per TECX's latest filing, from $21.5 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $29.4 million in Q1 2022 and troughed at $9.4 million in Q4 2023.
  • A 5-year average of $19.4 million and a median of $21.5 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses sank 62.89% in 2023, then jumped 95.53% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $25.3 million in 2022, then slumped by 62.89% to $9.4 million in 2023, then soared by 49.25% to $14.0 million in 2024, then jumped by 53.78% to $21.5 million in 2025, then grew by 26.89% to $27.3 million in 2026.
  • Business Quant data shows TECX's Operating Expenses at $27.3 million in Q1 2026, $21.5 million in Q4 2025, and $21.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - 4.33 Mn
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - 2.97 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - 15.76 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -3.82 Mn
7 Psyence Biomedical 227.32 Bn 227.31 Bn - 574,669.00
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.71 Bn 91.71 Bn - -67.40 Mn
10 Tectonic Therapeutic 528.16 Mn 291.27 Mn - 27.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 27.30 Mn
Dec 31, 2025 21.52 Mn
Sep 30, 2025 21.89 Mn
Jun 30, 2025 22.33 Mn
Mar 31, 2025 18.30 Mn
Dec 31, 2024 13.99 Mn
Sep 30, 2024 19.64 Mn
Jun 30, 2024 11.42 Mn
Mar 31, 2024 12.97 Mn
Dec 31, 2023 9.37 Mn
Sep 30, 2023 10.11 Mn
Jun 30, 2023 10.63 Mn
Mar 31, 2023 25.22 Mn
Dec 31, 2022 25.26 Mn
Sep 30, 2022 22.99 Mn
Jun 30, 2022 27.77 Mn
Mar 31, 2022 29.42 Mn
Dec 31, 2021 27.96 Mn
Sep 30, 2021 32.62 Mn
Jun 30, 2021 31.38 Mn