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| 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 |