Xenon Pharmaceuticals (XENE) Operating Expenses (2013 - 2026)

Xenon Pharmaceuticals (XENE) reported Operating Expenses of -$3.1 million for Q1 2026, down 103.89% year-over-year from $80.2 million in Q1 2025, and up 98.85% quarter-over-quarter from -$271.1 million in Q4 2025.

Xenon Pharmaceuticals (XENE) Operating Expenses (2013 - 2026) Analysis & Trends

Xenon Pharmaceuticals (XENE) has 14 years of Operating Expenses data on file, last reported at -$3.1 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$3.1 million, down 103.89% year-over-year; the trailing twelve-month figure through Mar 2026 was -$83.7 million (down 157.16% YoY), and the FY2025 annual result was -$332000.0, up 89.02% from the prior year.
  • Operating Expenses improved to -$3.1 million in Q1 2026 per XENE's latest filing, from -$271.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $96.3 million in Q3 2025 and troughed at -$271.1 million in Q4 2025.
  • A 5-year average of $3.8 million and a median of $30.9 million in 2022 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 32650.2% in 2025 and fell as far as 11340.3% in 2025.
  • A 5-year view of Operating Expenses shows it stood at -$90.3 million in 2022, then sank by 82.05% to -$164.4 million in 2023, then soared by 98.56% to -$2.4 million in 2024, then slumped by 11340.3% to -$271.1 million in 2025, then jumped by 98.85% to -$3.1 million in 2026.
  • Business Quant data shows XENE's Operating Expenses at -$3.1 million in Q1 2026, -$271.1 million in Q4 2025, and $96.3 million in Q3 2025.

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 Xenon Pharmaceuticals 4.61 Bn 4.61 Bn - -3.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -3.12 Mn
Dec 31, 2025 -271.14 Mn
Sep 30, 2025 96.34 Mn
Jun 30, 2025 94.23 Mn
Mar 31, 2025 80.24 Mn
Dec 31, 2024 -2.37 Mn
Sep 30, 2024 -557,000.00
Jun 30, 2024 69.10 Mn
Mar 31, 2024 245,000.00
Dec 31, 2023 -164.40 Mn
Sep 30, 2023 55.68 Mn
Jun 30, 2023 55.62 Mn
Mar 31, 2023 49.05 Mn
Dec 31, 2022 -90.30 Mn
Sep 30, 2022 38.26 Mn
Jun 30, 2022 30.85 Mn
Mar 31, 2022 26.14 Mn
Dec 31, 2021 28.58 Mn
Sep 30, 2021 23.72 Mn
Jun 30, 2021 24.72 Mn