Greenwich LifeSciences (GLSI) Operating Expenses (2019 - 2026)
Greenwich LifeSciences' (GLSI) quarterly Operating Expenses came in at $9.2 million in Q4 2025, down 5.5% YoY from $9.7 million in Q4 2024, and up 145.73% on a QoQ basis from $3.7 million in Q3 2025.
Analysis
Greenwich LifeSciences (GLSI) Operating Expenses (2019 - 2026) Analysis & Trends
Greenwich LifeSciences (GLSI) has 7 years of Operating Expenses data on file, last reported at $9.2 million in Q4 2025.
- Quarterly Operating Expenses fell 5.5% year-over-year to $9.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $19.4 million (up 10.27% YoY) and the FY2025 annual result came in at $19.4 million, up 10.27% from the prior year.
- Operating Expenses grew to $9.2 million in Q4 2025, from $3.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.7 million in Q4 2024 to a low of $600606.0 in Q1 2021.
- A 5-year average of $3.0 million and a median of $2.5 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses jumped 258.05% — and 2025, when it fell 5.5%.
- Tracing GLSI's Operating Expenses over 5 years: stood at $2.4 million in 2021, then climbed by 21.77% to $2.9 million in 2022, then decreased by 2.03% to $2.8 million in 2023, then soared by 242.36% to $9.7 million in 2024, then retreated by 5.5% to $9.2 million in 2025.
- The last three Operating Expenses figures came in at $9.2 million (Q4 2025), $3.7 million (Q3 2025), and $3.8 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Greenwich LifeSciences | 231.59 Mn | 231.59 Mn | - | 5.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 5.73 Mn |
| Dec 31, 2025 | 9.18 Mn |
| Sep 30, 2025 | 3.73 Mn |
| Jun 30, 2025 | 3.77 Mn |
| Mar 31, 2025 | 2.77 Mn |
| Dec 31, 2024 | 9.71 Mn |
| Sep 30, 2024 | 2.73 Mn |
| Jun 30, 2024 | 2.66 Mn |
| Mar 31, 2024 | 2.54 Mn |
| Dec 31, 2023 | 2.84 Mn |
| Sep 30, 2023 | 2.50 Mn |
| Jun 30, 2023 | 1.75 Mn |
| Mar 31, 2023 | 2.24 Mn |
| Dec 31, 2022 | 2.89 Mn |
| Sep 30, 2022 | 2.38 Mn |
| Jun 30, 2022 | 773,307.00 |
| Mar 31, 2022 | 1.99 Mn |
| Dec 31, 2021 | 2.38 Mn |
| Sep 30, 2021 | 866,686.00 |
| Jun 30, 2021 | 753,445.00 |