Celcuity (CELC) Operating Expenses (2016 - 2025)

Celcuity's Operating Expenses history runs 10 years deep, the most recent figure standing at $49.2 million for Q4 2025.

• Quarterly Operating Expenses rose 35.06% year-over-year to $49.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $172.2 million (up 52.02% YoY) and the FY2025 annual result came in at $172.2 million, up 52.02% from the prior year.
• Operating Expenses was $49.2 million for Q4 2025 at Celcuity, up from $42.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $49.2 million in Q4 2025 and bottomed at $2.8 million in Q1 2021.
• A 5-year average of $21.0 million and a median of $17.0 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2021 — Operating Expenses surged 516.25% — and 2022, when it slipped 29.63%.
• Celcuity's Operating Expenses stood at $6.3 million in 2021, then jumped by 84.14% to $11.6 million in 2022, then surged by 69.51% to $19.7 million in 2023, then soared by 84.65% to $36.4 million in 2024, then soared by 35.06% to $49.2 million in 2025.
• Business Quant data shows CELC's Operating Expenses at $49.2 million in Q4 2025, $42.8 million in Q3 2025, and $44.0 million in Q2 2025.