CASI Pharmaceuticals (CASIF) Operating Expenses (2022 - 2025)

CASI Pharmaceuticals (CASIF) reported Operating Expenses of $16.5 million for Q4 2025, down 80.66% on a YoY basis from $85.4 million in Q4 2024, and up 245.08% quarter-over-quarter from -$11.4 million in Q3 2025.

CASI Pharmaceuticals (CASIF) Operating Expenses (2022 - 2025) Analysis & Trends

CASI Pharmaceuticals has reported Operating Expenses for 4 years, with the latest figure at $16.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 80.66% year-over-year to $16.5 million; the trailing twelve-month figure through Dec 2025 stood at -$22.0 million (down 143.43% YoY), and the FY2025 full-year result was $55.1 million, up 8.5% from the prior year.
  • Operating Expenses for Q4 2025 stood at $16.5 million, up from -$11.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $85.4 million in Q4 2024, with the low at -$96.7 million in Q4 2022.
  • Historically, Operating Expenses has averaged $783562.5 across 4 years, with a median of $8.9 million in 2023.
  • The largest YoY upside for Operating Expenses was 1040.69% in 2024 against a maximum downside of 221.62% in 2024.
  • CASI Pharmaceuticals' Operating Expenses stood at -$96.7 million in 2022, then surged by 107.74% to $7.5 million in 2023, then surged by 1040.69% to $85.4 million in 2024, then plunged by 80.66% to $16.5 million in 2025.
  • The last three Operating Expenses figures came in at $16.5 million (Q4 2025), -$11.4 million (Q3 2025), and -$13.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 821,726.73 Bn 821,726.69 Bn - 4.33 Mn
2 Belite Bio 57,768.00 Bn 57,768.00 Bn - 32.68 Mn
3 Quantum Biopharma 16,655.88 Bn 16,655.88 Bn - 2.97 Mn
4 Legend Biotech 3,540.00 Bn 3,539.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,526.26 Bn 1,526.24 Bn - -3.82 Mn
6 Akari Therapeutics 1,520.09 Bn 1,520.09 Bn - 15.76 Mn
7 Psyence Biomedical 223.87 Bn 223.87 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.47 Bn 107.23 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.22 Bn 91.22 Bn - -67.40 Mn
10 CASI Pharmaceuticals - - 3.69 Mn 16.51 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 16.51 Mn
Sep 30, 2025 -11.38 Mn
Jun 30, 2025 -13.18 Mn
Mar 31, 2025 -14.00 Mn
Dec 31, 2024 85.39 Mn
Sep 30, 2024 -12.51 Mn
Jun 30, 2024 -10.86 Mn
Mar 31, 2024 -11.26 Mn
Dec 31, 2023 7.49 Mn
Sep 30, 2023 10.29 Mn
Jun 30, 2023 15.18 Mn
Mar 31, 2023 12.18 Mn
Dec 31, 2022 -96.67 Mn
Sep 30, 2022 11.68 Mn
Jun 30, 2022 11.41 Mn
Mar 31, 2022 12.26 Mn