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| 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 |