Candel Therapeutics (CADL) Operating Expenses (2020 - 2026)
Candel Therapeutics' Operating Expenses came in at $26.75 million for Q2 2026, up 139.3% from $11.18 million a year earlier.
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Analysis
Candel Therapeutics (CADL) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Candel Therapeutics reported Operating Expenses of $66.88 million, up 84.7% year-over-year; for FY2025, it came in at $48.27 million, up 44.6% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 28.2% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $33.37 million in FY2024 (-13.1%), $38.39 million in FY2023 (+10.2%), $34.85 million in FY2022 (+34.8%) and $25.85 million in FY2021 (+85.5%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q2 2020.
- Year-over-year, Operating Expenses increased in five of the last seven quarters, with growth averaging 42.1%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2021 (growth of 189.9%), and the weakest in Q4 2024 (a decline of 21.1%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Candel Therapeutics | 828.17 Mn | 828.17 Mn | - | 26.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.75 Mn |
| Dec 31, 2025 | 15.75 Mn |
| Sep 30, 2025 | 13.21 Mn |
| Jun 30, 2025 | 11.18 Mn |
| Mar 31, 2025 | 8.13 Mn |
| Dec 31, 2024 | 8.14 Mn |
| Sep 30, 2024 | 8.76 Mn |
| Jun 30, 2024 | 8.57 Mn |
| Mar 31, 2024 | 7.90 Mn |
| Dec 31, 2023 | 10.32 Mn |
| Sep 30, 2023 | 8.86 Mn |
| Jun 30, 2023 | 9.58 Mn |
| Mar 31, 2023 | 9.63 Mn |
| Dec 31, 2022 | 8.13 Mn |
| Sep 30, 2022 | 8.91 Mn |
| Jun 30, 2022 | 8.78 Mn |
| Mar 31, 2022 | 9.02 Mn |
| Dec 31, 2021 | 7.77 Mn |
| Sep 30, 2021 | 8.06 Mn |
| Jun 30, 2021 | 5.33 Mn |
API Access
Candel Therapeutics Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CADL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CADL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CADL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();