Cel Sci (CVM) Operating Expenses (2010 - 2026)

On a trailing twelve-month basis, Cel Sci's Operating Expenses was $22.29 million through Jun 30, 2026, down 10.5% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $24.81 million, down 5.9% from FY2024.

• Operating Expenses has now declined for four consecutive fiscal years, with a five-year compound annual growth rate of -3.4% (FY2020 to FY2025).
• In earlier fiscal years, Operating Expenses was $26.35 million in FY2024 (-16.3%), $31.48 million in FY2023 (-12.7%), $36.06 million in FY2022 (-0.4%) and $36.19 million in FY2021 (+22.5%).
• Quarterly Operating Expenses has moved between $5.33 million (fiscal Q2 2026) and $9.55 million (fiscal Q2 2022) over five years.
• Compared with a year earlier, Operating Expenses was higher in two of the last eight quarters, with an average decline of 9.8%.
• The best year-over-year quarter for Operating Expenses over five years was fiscal Q2 2022 (growth of 11.9%); the worst was fiscal Q1 2026 (a decline of 22.1%).
• Per Business Quant data, CVM's Operating Expenses in the three fiscal quarters before Q3 2026 was $5.33 million (Q2 2026), $5.37 million (Q1 2026) and $6.03 million (Q4 2025).