Oncogenic drivers of progression of monoclonal gammopathy of undetermined significance (MGUS) to multiple myeloma (MM) such as c-MYC have downstream effects on intracellular metabolic pathways of clonal plasma cells (PCs). Thus, extracellular environments such as the bone marrow (BM) plasma likely have unique metabolite profiles that differ from patients with MGUS compared to MM. This study utilized an untargeted metabolite and targeted complex lipid profiling of BM plasma to identify significant differences in the relative metabolite levels between patients with MGUS and MM from an exploratory cohort. This was followed by verification of some of the metabolite differences of interest by targeted quantification of the metabolites using isotopic internal standards in the exploratory cohort as well as an independent validation cohort. Significant differences were noted in the amino acid profiles such as decreased branch chain amino acids (BCAAs) and increased catabolism of tryptophan to the active kynurenine metabolite 3-hydroxy-kynurenine between patients with MGUS and MM. A decrease in the total levels of complex lipids such as phosphatidylethanolamines (PE), lactosylceramides (LCER) and phosphatidylinositols (PI) were also detected in the BM plasma samples from MM compared to MGUS patients. Thus, metabolite and complex lipid profiling of the BM plasma identifies differences in levels of metabolites and lipids between patients with MGUS and MM. This may provide insight into the possible differences of the intracellular metabolic pathways of their clonal PCs. Multiple myeloma (MM) is a clonal plasma cell (PC) disorder characterized by the presence of end organ damage such as lytic bone disease, anemia, hypercalcemia or renal insufficiency 1. It is always preceded by an asymptomatic, precursor phase known as monoclonal gammopathy of undetermined significance (MGUS) that is typically monitored with yearly follow up only 2,3. Several oncogenic drivers responsible for the progression of clonal PCs from an indolent MGUS phase to malignant MM have been identified such as MYC structural variants, activating mutations of RAS and NF-kB pathways, mutations of DIS3 or FAM46C etc 4. However, most oncogenic drivers have downstream effects on various intracellular metabolic pathways 5. As a result, dysregulated cellular metabolism is a hallmark of all malignancies since cancer cells adopt a distinct metabolic adaptation or phenotype to meet the augmented cellular demand for nucleotides, lipids, and amino acids created by increased rates of cellular proliferation 6. Likewise, altered cellular metabolism also plays a role in the pathogenesis of MM 7. Since oncogenes like MYC play a major role in the pathogenesis of clonal PCs in MM 8 , there is likely a diverse amount of intracellular metabolic reprogramming that exists in clonal PCs upon their progression from MGUS to