Celularity (CELU) Operating Expenses (2019 - 2025)
Celularity's (CELU) quarterly Operating Expenses came in at $26.2 million in Q4 2025, down 4.56% year-over-year from $27.4 million in Q4 2024, and up 43.87% quarter-over-quarter from $18.2 million in Q3 2025.
Analysis
Celularity (CELU) Operating Expenses (2019 - 2025) Analysis & Trends
Celularity (CELU) has reported Operating Expenses for 7 consecutive years, with $26.2 million the latest figure, recorded in Q4 2025.
- On a quarterly basis, Operating Expenses fell 4.56% year-over-year to $26.2 million in Q4 2025; TTM through Dec 2025 was $87.9 million, a 5.1% decrease from a year earlier, with the FY2025 full-year figure at $87.9 million, down 5.1% from the prior year.
- Operating Expenses was $26.2 million for Q4 2025 at Celularity, up from $18.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $103.0 million in Q3 2023 and troughed at -$13.4 million in Q4 2022.
- A 5-year average of $28.5 million and a median of $22.0 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 30542.6% in 2021 and tumbled 167.43% in 2022, its largest moves.
- Over 5 years, Operating Expenses stood at $19.8 million in 2021, then plunged by 167.43% to -$13.4 million in 2022, then jumped by 90.99% to -$1.2 million in 2023, then surged by 2378.64% to $27.4 million in 2024, then declined by 4.56% to $26.2 million in 2025.
- The last three Operating Expenses figures came in at $26.2 million (Q4 2025), $18.2 million (Q3 2025), and $21.6 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Krystal Biotech | 10.22 Bn | 9.38 Bn | 112.79 Mn | 60.81 Mn |
| 2 | CRISPR Therapeutics AG | 5.04 Bn | 5.04 Bn | - | 127.45 Mn |
| 3 | Iovance Biotherapeutics | 3.64 Bn | 3.34 Bn | 55.72 Mn | 151.22 Mn |
| 4 | Legend Biotech | 3.54 Bn | 2.57 Bn | 251.50 Mn | -129.00 Mn |
| 5 | uniQure | 2.98 Bn | 2.98 Bn | 5.49 Mn | 51.68 Mn |
| 6 | Beam Therapeutics | 2.52 Bn | 2.52 Bn | - | 127.04 Mn |
| 7 | Precigen | 2.39 Bn | 2.39 Bn | 52.17 Mn | 32.34 Mn |
| 8 | Sarepta Therapeutics | 2.15 Bn | 1.35 Bn | 251.87 Mn | 387.96 Mn |
| 9 | Vericel | 1.93 Bn | 1.77 Bn | 56.40 Mn | 55.97 Mn |
| 10 | Celularity | 36.61 Mn | 30.43 Mn | -3.27 Mn | 26.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 26.16 Mn |
| Sep 30, 2025 | 18.18 Mn |
| Jun 30, 2025 | 21.60 Mn |
| Mar 31, 2025 | 21.91 Mn |
| Dec 31, 2024 | 27.41 Mn |
| Sep 30, 2024 | 20.82 Mn |
| Jun 30, 2024 | 22.29 Mn |
| Mar 31, 2024 | 22.06 Mn |
| Dec 31, 2023 | -1.20 Mn |
| Sep 30, 2023 | 103.04 Mn |
| Jun 30, 2023 | 45.41 Mn |
| Mar 31, 2023 | 67.81 Mn |
| Dec 31, 2022 | -13.36 Mn |
| Sep 30, 2022 | 9.78 Mn |
| Jun 30, 2022 | -399,000.00 |
| Mar 31, 2022 | 47.55 Mn |
| Dec 31, 2021 | 19.81 Mn |
| Sep 30, 2021 | -276,000.00 |
| Jun 30, 2021 | 63.81 Mn |
| Mar 31, 2021 | 47.06 Mn |