CytoDyn (CYDY) Operating Expenses (2010 - 2026)

CytoDyn (CYDY) posted Operating Expenses of $6.3 million for Q1 2026, down 70.94% on a QoQ basis from $21.7 million in Q4 2025, and up 57.46% year-over-year from $4.0 million in Q1 2025.

CytoDyn (CYDY) Operating Expenses (2010 - 2026) Analysis & Trends

CytoDyn's Operating Expenses history runs 17 years deep, the most recent figure standing at $6.3 million for Q1 2026.

  • Quarterly Operating Expenses rose 57.46% year-over-year to $6.3 million in Q1 2026, while the trailing twelve-month figure through Feb 2026 was $38.0 million (up 569.57% YoY) and the FY2025 annual result came in at -$9.7 million, down 153.5% from the prior year.
  • Operating Expenses was $6.3 million for Q1 2026 at CytoDyn, down from $21.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $79.0 million in Q2 2022 and bottomed at -$22.4 million in Q3 2024.
  • A 5-year average of $10.6 million and a median of $4.9 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses plunged 586.49% — and 2025, when it soared 485.06%.
  • CytoDyn's Operating Expenses stood at $23.2 million in 2022, then tumbled by 85.33% to $3.4 million in 2023, then climbed by 9.09% to $3.7 million in 2024, then surged by 485.06% to $21.7 million in 2025, then plunged by 70.94% to $6.3 million in 2026.
  • Business Quant data shows CYDY's Operating Expenses at $6.3 million in Q1 2026, $21.7 million in Q4 2025, and $4.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 CytoDyn 267.79 Mn 267.79 Mn - 6.30 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 6.30 Mn
Nov 30, 2025 21.69 Mn
Aug 31, 2025 4.95 Mn
May 31, 2025 5.07 Mn
Feb 28, 2025 4.00 Mn
Nov 30, 2024 3.71 Mn
Aug 31, 2024 -22.44 Mn
May 31, 2024 6.63 Mn
Feb 29, 2024 3.41 Mn
Nov 30, 2023 3.40 Mn
Aug 31, 2023 4.61 Mn
May 31, 2023 3.78 Mn
Feb 28, 2023 3.92 Mn
Nov 30, 2022 23.16 Mn
Aug 31, 2022 9.71 Mn
May 31, 2022 79.05 Mn
Feb 28, 2022 19.40 Mn
Nov 30, 2021 25.50 Mn
Aug 31, 2021 21.68 Mn
May 31, 2021 23.64 Mn