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Terns Pharmaceuticals (TERN) Operating Expenses (2020 - 2025)

Terns Pharmaceuticals filings provide 6 years of Operating Expenses readings, the most recent being $77.9 million for Q4 2025.

  • Quarterly Operating Expenses rose 11.09% to $77.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $77.9 million through Dec 2025, up 11.09% year-over-year, with the annual reading at $110.1 million for FY2025, 8.1% up from the prior year.
  • Operating Expenses hit $77.9 million in Q4 2025 for Terns Pharmaceuticals, up from $70.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $77.9 million in Q4 2025 and bottomed at $10.8 million in Q2 2021.
  • Average Operating Expenses over 5 years is $29.5 million, with a median of $14.9 million recorded in 2021.
  • The largest annual shift saw Operating Expenses grew 3.98% in 2022 before it surged 277.33% in 2023.
  • Terns Pharmaceuticals' Operating Expenses stood at $14.9 million in 2021, then increased by 13.11% to $16.8 million in 2022, then surged by 277.33% to $63.5 million in 2023, then grew by 10.42% to $70.1 million in 2024, then rose by 11.09% to $77.9 million in 2025.
  • Per Business Quant, the three most recent readings for TERN's Operating Expenses are $77.9 million (Q4 2025), $70.1 million (Q4 2024), and $63.5 million (Q4 2023).