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

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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
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