SELLAS Life Sciences (SLS) Operating Expenses (2010 - 2026)
SELLAS Life Sciences (SLS) reported Operating Expenses of $9.3 million for Q1 2026, up 52.6% year-over-year from $6.1 million in Q1 2025, and up 12.08% on a QoQ basis from $8.3 million in Q4 2025.
SELLAS Life Sciences (SLS) has 17 years of Operating Expenses data on file, last reported at $9.3 million in Q1 2026.
- Quarterly Operating Expenses rose 52.6% year-over-year to $9.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $31.5 million (up 12.65% YoY) and the FY2025 annual result came in at $28.3 million, down 10.28% from the prior year.
- Operating Expenses improved to $9.3 million in Q1 2026 per SLS's latest filing, from $8.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $17.7 million in Q1 2022 and bottomed at $6.1 million in Q1 2025.
- The 5-year median for Operating Expenses is $8.3 million (2025), against an average of $8.8 million.
- The widest annual swing landed in 2022, when Operating Expenses jumped 123.22%; it then sank 37.14% in 2025.
- Tracing SLS's Operating Expenses over 5 years: stood at $9.4 million in 2022, then fell by 13.43% to $8.2 million in 2023, then fell by 15.4% to $6.9 million in 2024, then climbed by 19.33% to $8.3 million in 2025, then grew by 12.08% to $9.3 million in 2026.
- Per Business Quant, the three latest SLS Operating Expenses figures stand at $9.3 million (Q1 2026), $8.3 million (Q4 2025), and $7.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 1,216,509.61 Bn | 1,216,509.61 Bn | - | 2.97 Mn |
| 2 | Alterity Therapeutics | 764,224.41 Bn | 764,224.38 Bn | - | 4.33 Mn |
| 3 | Legend Biotech | 2,716.00 Bn | 2,715.71 Bn | 242.10 Mn | -138.30 Mn |
| 4 | Nanobiotix | 2,248.83 Bn | 2,248.77 Bn | - | - |
| 5 | Akari Therapeutics | 1,951.18 Bn | 1,951.17 Bn | - | 15.76 Mn |
| 6 | Vertex Pharmaceuticals | 113.69 Bn | 106.44 Bn | 2.59 Bn | 1.85 Bn |
| 7 | Evaxion A | 64.16 Bn | 64.14 Bn | - | -3.82 Mn |
| 8 | Regeneron Pharmaceuticals | 63.94 Bn | 55.18 Bn | 3.31 Bn | 2.96 Bn |
| 9 | Alnylam Pharmaceuticals | 40.13 Bn | 37.12 Bn | 959.66 Mn | 898.54 Mn |
| 10 | SELLAS Life Sciences | 1.61 Bn | 1.61 Bn | - | 9.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.25 Mn |
| Dec 31, 2025 | 8.26 Mn |
| Sep 30, 2025 | 7.08 Mn |
| Jun 30, 2025 | 6.87 Mn |
| Mar 31, 2025 | 6.06 Mn |
| Dec 31, 2024 | 6.92 Mn |
| Sep 30, 2024 | 7.33 Mn |
| Jun 30, 2024 | 7.62 Mn |
| Mar 31, 2024 | 9.65 Mn |
| Dec 31, 2023 | 8.18 Mn |
| Sep 30, 2023 | 9.36 Mn |
| Jun 30, 2023 | 9.05 Mn |
| Mar 31, 2023 | 11.28 Mn |
| Dec 31, 2022 | 9.45 Mn |
| Sep 30, 2022 | 7.15 Mn |
| Jun 30, 2022 | 8.62 Mn |
| Mar 31, 2022 | 17.74 Mn |
| Dec 31, 2021 | 11.62 Mn |
| Sep 30, 2021 | 6.98 Mn |
| Jun 30, 2021 | 6.35 Mn |
| Mar 31, 2021 | 7.95 Mn |
| Dec 31, 2020 | 6.06 Mn |
| Sep 30, 2020 | 4.49 Mn |
| Jun 30, 2020 | 4.27 Mn |
| Mar 31, 2020 | 4.06 Mn |
| Dec 31, 2019 | 7.48 Mn |
| Sep 30, 2019 | 4.18 Mn |
| Jun 30, 2019 | 4.02 Mn |
| Mar 31, 2019 | 4.36 Mn |
| Dec 31, 2018 | 15.84 Mn |
| Sep 30, 2018 | 3.06 Mn |
| Jun 30, 2018 | 6.50 Mn |
| Mar 31, 2018 | 5.68 Mn |
| Dec 31, 2017 | 8.61 Mn |
| Sep 30, 2017 | 4.29 Mn |
| Jun 30, 2017 | 5.67 Mn |
| Mar 31, 2017 | 4.47 Mn |
| Dec 31, 2016 | 7.14 Mn |
| Sep 30, 2016 | 6.47 Mn |
| Jun 30, 2016 | 9.29 Mn |
| Mar 31, 2016 | 8.97 Mn |
| Dec 31, 2015 | 7.59 Mn |
| Sep 30, 2015 | 8.64 Mn |
| Jun 30, 2015 | 9.08 Mn |
| Mar 31, 2015 | 8.91 Mn |
| Dec 31, 2014 | 9.69 Mn |
| Sep 30, 2014 | 10.57 Mn |
| Jun 30, 2014 | 18.11 Mn |
| Mar 31, 2014 | 14.02 Mn |
| Dec 31, 2013 | 5.83 Mn |
| Sep 30, 2013 | 8.06 Mn |
| Jun 30, 2013 | 7.99 Mn |
| Mar 31, 2013 | 6.61 Mn |
| Dec 31, 2012 | 5.58 Mn |
| Sep 30, 2012 | 5.53 Mn |
| Jun 30, 2012 | 5.68 Mn |
| Mar 31, 2012 | 4.41 Mn |
| Dec 31, 2011 | 3.59 Mn |
| Sep 30, 2011 | 3.44 Mn |
| Jun 30, 2011 | 2.28 Mn |
| Mar 31, 2011 | 5.28 Mn |
| Dec 31, 2010 | 3.70 Mn |
| Sep 30, 2010 | 3.72 Mn |
| Jun 30, 2010 | 4.75 Mn |