Cyclerion Therapeutics (CYCN) Operating Expenses (2018 - 2025)
Cyclerion Therapeutics (CYCN) recorded quarterly Operating Expenses of $1.9 million in Q3 2025, up 6.57% quarter-over-quarter from $1.8 million in Q2 2025, and up 42.28% on a YoY basis from $1.3 million in Q3 2024.
Cyclerion Therapeutics (CYCN) Operating Expenses (2018 - 2025) Analysis & Trends
Cyclerion Therapeutics' Operating Expenses history runs 8 years deep, the most recent figure standing at $1.9 million for Q3 2025.
- In Q3 2025, Operating Expenses rose 42.28% year-over-year to $1.9 million; the TTM figure through Dec 2025 stood at $5.2 million (down 7.89% YoY), while the FY2024 annual figure was $5.6 million, down 56.54% from the prior year.
- Operating Expenses was $1.9 million for Q3 2025 at Cyclerion Therapeutics, up from $1.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $19.2 million in Q2 2021 to a low of $1.3 million in Q4 2024.
- Historically, Operating Expenses has averaged $6.3 million across 5 years, with a median of $3.3 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slumped 86.43% in 2023, then surged 42.28% in 2025.
- A 5-year view of Operating Expenses shows it stood at $14.9 million in 2021, then slumped by 70.04% to $4.5 million in 2022, then plunged by 59.71% to $1.8 million in 2023, then fell by 27.35% to $1.3 million in 2024, then soared by 44.25% to $1.9 million in 2025.
- The last three Operating Expenses figures came in at $1.9 million (Q3 2025), $1.8 million (Q2 2025), and $1.5 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 719,706.53 Bn | 719,706.50 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 55,800.00 Bn | 55,800.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 18,182.30 Bn | 18,182.29 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 3,154.00 Bn | 3,153.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Akari Therapeutics | 1,844.30 Bn | 1,844.29 Bn | - | 15.76 Mn |
| 6 | Evaxion A | 1,567.96 Bn | 1,567.94 Bn | - | -3.82 Mn |
| 7 | Psyence Biomedical | 251.43 Bn | 251.42 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 112.56 Bn | 105.31 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 94.37 Bn | 94.37 Bn | - | -67.40 Mn |
| 10 | Cyclerion Therapeutics | 11.50 Mn | 8.26 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 1.88 Mn |
| Jun 30, 2025 | 1.77 Mn |
| Mar 31, 2025 | 1.54 Mn |
| Dec 31, 2024 | 1.30 Mn |
| Sep 30, 2024 | 1.32 Mn |
| Jun 30, 2024 | 1.38 Mn |
| Mar 31, 2024 | 1.62 Mn |
| Dec 31, 2023 | 1.80 Mn |
| Sep 30, 2023 | 6.02 Mn |
| Jun 30, 2023 | 1.87 Mn |
| Mar 31, 2023 | 3.28 Mn |
| Dec 31, 2022 | 4.46 Mn |
| Sep 30, 2022 | 4.52 Mn |
| Jun 30, 2022 | 13.74 Mn |
| Mar 31, 2022 | 13.70 Mn |
| Dec 31, 2021 | 14.87 Mn |
| Sep 30, 2021 | 11.63 Mn |
| Jun 30, 2021 | 19.18 Mn |
| Mar 31, 2021 | 13.46 Mn |
| Dec 31, 2020 | 19.36 Mn |