CDT Equity (CDT) Operating Expenses (2021 - 2026)
CDT Equity's Operating Expenses was $3 million in Q2 2026, down 39.4% from $4.95 million a year earlier and down 17.9% from the prior quarter.
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Analysis
CDT Equity (CDT) Operating Expenses (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, CDT Equity's Operating Expenses was $34.85 million through Jun 30, 2026, up 94.8% year-over-year; for FY2025, it came in at $36.76 million, up 138.4% from FY2024.
- Operating Expenses has now increased for three consecutive years, with a four-year compound annual growth rate of 857.1% (FY2021 to FY2025).
- In earlier years, Operating Expenses was $15.42 million in FY2024 (+193.0%), $5.26 million in FY2023 (+66.5%), $3.16 million in FY2022 and $4,381 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Operating Expenses since Q1 2024.
- Compared with a year earlier, Operating Expenses was higher in six of the last seven quarters, with growth averaging 87.1%.
- The best year-over-year quarter for Operating Expenses over five years was Q1 2023 (growth of 521.6%); the worst was Q3 2023 (a decline of 53.9%).
- Per Business Quant data, CDT's Operating Expenses in the three quarters before Q2 2026 was $3.66 million (Q1 2026), $21.16 million (Q4 2025) and $7.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 15.99 Bn |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 11.12 Bn |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 11.14 Bn |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 12.53 Bn |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 9.00 Bn |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 6.66 Bn |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | 4.84 Bn |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 7.09 Bn |
| 10 | CDT Equity | 426.40 | -6.19 Mn | - | 3.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00 Mn |
| Mar 31, 2026 | 3.66 Mn |
| Dec 31, 2025 | 21.16 Mn |
| Sep 30, 2025 | 7.03 Mn |
| Jun 30, 2025 | 4.95 Mn |
| Mar 31, 2025 | 3.62 Mn |
| Dec 31, 2024 | 3.51 Mn |
| Sep 30, 2024 | 5.81 Mn |
| Jun 30, 2024 | 3.14 Mn |
| Mar 31, 2024 | 2.96 Mn |
| Dec 31, 2023 | 2.43 Mn |
| Sep 30, 2023 | 430,000.00 |
| Jun 30, 2023 | 888,000.00 |
| Mar 31, 2023 | 1.52 Mn |
| Dec 31, 2022 | 1.67 Mn |
| Sep 30, 2022 | 933,000.00 |
| Jun 30, 2022 | 279,420.00 |
| Mar 31, 2022 | 263,718.00 |
| Dec 31, 2021 | 4,381.00 |
API Access
CDT Equity 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=CDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CDT", "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=CDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();