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