Tango Therapeutics (TNGX) Operating Expenses (2020 - 2026)

Tango Therapeutics (TNGX) recorded quarterly Operating Expenses of $48.8 million in Q1 2026, down 67.16% quarter-over-quarter from $148.5 million in Q4 2025, and up 452.56% on a YoY basis from $8.8 million in Q1 2025.

Tango Therapeutics (TNGX) Operating Expenses (2020 - 2026) Analysis & Trends

Tango Therapeutics' Operating Expenses history runs 7 years deep, the most recent figure standing at $48.8 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 452.56% year-over-year to $48.8 million; the TTM figure through Mar 2026 stood at $248.5 million (up 6.75% YoY), while the FY2025 annual figure was $173.7 million, down 7.46% from the prior year.
  • Operating Expenses was $48.8 million for Q1 2026 at Tango Therapeutics, down from $148.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $167.1 million in Q4 2024 to a low of $7.1 million in Q3 2025.
  • Historically, Operating Expenses has averaged $48.0 million across 5 years, with a median of $37.0 million in 2022.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses slumped 81.89% in 2025, then surged 452.56% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $37.0 million in 2022, then rose by 9.37% to $40.4 million in 2023, then surged by 313.07% to $167.1 million in 2024, then declined by 11.11% to $148.5 million in 2025, then slumped by 67.16% to $48.8 million in 2026.
  • The last three Operating Expenses figures came in at $48.8 million (Q1 2026), $148.5 million (Q4 2025), and $7.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Tango Therapeutics 4.05 Bn 3.67 Bn - 48.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.77 Mn
Dec 31, 2025 148.51 Mn
Sep 30, 2025 7.11 Mn
Jun 30, 2025 44.15 Mn
Mar 31, 2025 8.83 Mn
Dec 31, 2024 167.06 Mn
Sep 30, 2024 7.51 Mn
Jun 30, 2024 49.43 Mn
Mar 31, 2024 48.73 Mn
Dec 31, 2023 40.44 Mn
Sep 30, 2023 36.36 Mn
Jun 30, 2023 37.85 Mn
Mar 31, 2023 36.05 Mn
Dec 31, 2022 36.98 Mn
Sep 30, 2022 36.84 Mn
Jun 30, 2022 30.97 Mn
Mar 31, 2022 31.14 Mn
Dec 31, 2021 27.70 Mn
Sep 30, 2021 26.36 Mn
Jun 30, 2021 22.71 Mn