Celularity (CELUW) Operating Expenses (2019 - 2025)

Celularity (CELUW) reported Operating Expenses of $26.2 million for 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.

Celularity (CELUW) Operating Expenses (2019 - 2025) Analysis & Trends

Celularity (CELUW) has 7 years of Operating Expenses data on file, last reported at $26.2 million in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $26.2 million, down 4.56% year-over-year; the trailing twelve-month figure through Dec 2025 was $87.9 million (down 5.1% YoY), and the FY2025 annual result was $87.9 million, down 5.1% from the prior year.
  • Operating Expenses rose to $26.2 million in Q4 2025 per CELUW's latest filing, 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.
  • The sharpest annual moves came in 2021 and 2022: Operating Expenses surged 30542.6% in 2021, then slumped 167.43% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $19.8 million in 2021, then tumbled by 167.43% to -$13.4 million in 2022, then surged by 90.99% to -$1.2 million in 2023, then soared by 2378.64% to $27.4 million in 2024, then fell by 4.56% to $26.2 million in 2025.
  • Business Quant data shows CELUW's Operating Expenses at $26.2 million in Q4 2025, $18.2 million in Q3 2025, and $21.6 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Celularity - - -3.27 Mn 26.16 Mn

Historic Data

Download Data
DateValue
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