Lipella Pharmaceuticals Inc. (LIPO) Operating Expenses (2022 - 2025)
Lipella Pharmaceuticals (LIPO) recorded Operating Expenses of $1.27 million in Q3 2025, down 17.2% from $1.54 million a year earlier and down 11.7% from the prior quarter.
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Analysis
Lipella Pharmaceuticals Inc. (LIPO) Operating Expenses (2022 - 2025) Analysis & Trends
On a TTM basis, Lipella Pharmaceuticals' Operating Expenses came in at $5.8 million as of Sep 30, 2025, up 19.8% year-over-year; for FY2024, it was $5.62 million, up 8.1% from FY2023.
- Annual Operating Expenses has increased for three straight years, with a three-year compound annual growth rate of 37.2% (FY2021 to FY2024).
- Across earlier years, Operating Expenses came in at $5.2 million in FY2023 (+87.3%), $2.77 million in FY2022 (+27.5%) and $2.18 million in FY2021.
- The Q3 2025 figure is the lowest quarterly Operating Expenses since Q2 2024.
- On a year-over-year basis, Operating Expenses rose in six of the last eight quarters, with growth averaging 20.4%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 115.3% in Q2 2023, against a decline of 35.3% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.44 million (Q2 2025), $1.46 million (Q1 2025) and $1.62 million (Q4 2024).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.27 Mn |
| Jun 30, 2025 | 1.44 Mn |
| Mar 31, 2025 | 1.46 Mn |
| Dec 31, 2024 | 1.62 Mn |
| Sep 30, 2024 | 1.54 Mn |
| Jun 30, 2024 | 1.09 Mn |
| Mar 31, 2024 | 1.36 Mn |
| Dec 31, 2023 | 850,436.00 |
| Sep 30, 2023 | 1.46 Mn |
| Jun 30, 2023 | 1.68 Mn |
| Mar 31, 2023 | 1.20 Mn |
| Dec 31, 2022 | 510,270.00 |
| Sep 30, 2022 | 712,642.00 |
| Jun 30, 2022 | 781,147.00 |
| Mar 31, 2022 | 769,812.00 |
API Access
Lipella Pharmaceuticals Inc. Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LIPO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LIPO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LIPO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();