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

Tectonic Therapeutic's (TECX) quarterly Operating Expenses came in at $27.3 million in Q1 2026, up 49.2% year-on-year from $18.3 million in Q1 2025, and up 26.89% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 49.2% year-over-year to $27.3 million in Q1 2026; TTM through Mar 2026 was $93.0 million, a 46.87% increase from a year earlier, with the FY2025 full-year figure at $84.0 million, up 44.85% from the prior year.
  • Operating Expenses for Q1 2026 stood at $27.3 million, up from $21.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for TECX reached as high as $29.4 million in Q1 2022 and fell as low as $9.4 million in Q4 2023.
  • Historically, Operating Expenses has averaged $19.4 million across 5 years, with a median of $21.5 million in 2025.
  • Across the five-year window, Operating Expenses tumbled 62.89% in 2023 and surged 95.53% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $25.3 million in 2022, then tumbled 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 gained by 26.89% to $27.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Tectonic Therapeutic 595.23 Mn 595.23 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