SELLAS Life Sciences (SLS) Operating Expenses (2010 - 2026)
SELLAS Life Sciences' (SLS) quarterly Operating Expenses came in at $9.3 million in Q1 2026, up 52.6% year-on-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) 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.
- On a quarterly basis, Operating Expenses rose 52.6% year-over-year to $9.3 million in Q1 2026; TTM through Mar 2026 was $31.5 million, a 12.65% increase from a year earlier, with the FY2025 full-year figure at $28.3 million, down 10.28% from the prior year.
- Operating Expenses for Q1 2026 stood at $9.3 million, up from $8.3 million in the prior quarter.
- Over the last five years, Operating Expenses for SLS reached as high as $17.7 million in Q1 2022 and fell as low as $6.1 million in Q1 2025.
- Historically, Operating Expenses has averaged $8.8 million across 5 years, with a median of $8.3 million in 2025.
- Across the five-year window, Operating Expenses jumped 123.22% in 2022 and sank 37.14% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $9.4 million in 2022, then declined by 13.43% to $8.2 million in 2023, then declined by 15.4% to $6.9 million in 2024, then advanced by 19.33% to $8.3 million in 2025, then climbed by 12.08% to $9.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | SELLAS Life Sciences | 1.96 Bn | 1.96 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 |