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

Xenon Pharmaceuticals' (XENE) quarterly Operating Expenses came in at $112.3 million in Q1 2026, up 28555.1% year-on-year from N/an in Q1 2025, and up 141.43% on a QoQ basis 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 $112.3 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 28555.1% year-over-year to $112.3 million in Q1 2026; TTM through Mar 2026 was -$64.8 million, a 68.45% increase from a year earlier, with the FY2025 full-year figure at -$332000.0, up 89.02% from the prior year.
  • Operating Expenses for Q1 2026 stood at $112.3 million, up from -$271.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for XENE reached as high as $112.3 million in Q1 2026 and fell as low as -$271.1 million in Q4 2025.
  • Historically, Operating Expenses has averaged $8.3 million across 5 years, with a median of $38.3 million in 2022.
  • Across the five-year window, Operating Expenses sank 577.55% in 2025 and surged 28555.1% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $43.3 million in 2022, then advanced by 23.92% to $53.7 million in 2023, then plunged by 481.5% to -$204.8 million in 2024, then slumped by 32.36% to -$271.1 million in 2025, then soared by 141.43% to $112.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $112.3 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 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 Xenon Pharmaceuticals 5.71 Bn 5.71 Bn - 112.33 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 112.33 Mn
Dec 31, 2025 -271.14 Mn
Sep 30, 2025 96.34 Mn
Jun 30, 2025 -2.32 Mn
Mar 31, 2025 392,000.00
Dec 31, 2024 -204.85 Mn
Sep 30, 2024 -557,000.00
Jun 30, 2024 -343,000.00
Mar 31, 2024 59.04 Mn
Dec 31, 2023 53.70 Mn
Sep 30, 2023 55.68 Mn
Jun 30, 2023 55.62 Mn
Mar 31, 2023 49.05 Mn
Dec 31, 2022 43.33 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