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% quarter-over-quarter from $8.3 million in Q4 2025.

SELLAS Life Sciences (SLS) Operating Expenses (2010 - 2026) Analysis & Trends

SELLAS Life Sciences (SLS) has 17 years of Operating Expenses data on file, last reported at $9.3 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $9.3 million, up 52.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $31.5 million (up 12.65% YoY), and the FY2025 annual result was $28.3 million, down 10.28% from the prior year.
  • Operating Expenses climbed to $9.3 million in Q1 2026 per SLS's latest filing, from $8.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $17.7 million in Q1 2022 and troughed at $6.1 million in Q1 2025.
  • A 5-year average of $8.8 million and a median of $8.3 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 123.22% in 2022, then tumbled 37.14% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $9.4 million in 2022, then decreased by 13.43% to $8.2 million in 2023, then decreased by 15.4% to $6.9 million in 2024, then increased by 19.33% to $8.3 million in 2025, then rose by 12.08% to $9.3 million in 2026.
  • Business Quant data shows SLS's Operating Expenses at $9.3 million in Q1 2026, $8.3 million in Q4 2025, and $7.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 SELLAS Life Sciences 1.39 Bn 1.39 Bn - 9.25 Mn

Historic Data

Download Data
DateValue
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