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
DateValue
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