Quick Answer
Celcuity Inc. reported R&D Expense of $145.00 million for fiscal year 2025.
Celcuity Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $145.00M | +39.1% |
| 2024 | $104.20M | +72.0% |
| 2023 | $60.59M | +71.7% |
| 2022 | $35.29M | +37.0% |
| 2021 | $25.76M | +235.2% |
| 2020 | $7.68M | +22.6% |
| 2019 | $6.27M | -0.9% |
| 2018 | $6.33M | +27.0% |
| 2017 | $4.98M | +62.5% |
| 2016 | $3.06M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $34.91M | +26.6% | -13.2% |
| June 30, 2025 | $40.22M | +78.8% | +24.8% |
| March 31, 2025 | $32.23M | +56.1% | +16.8% |
| September 30, 2024 | $27.59M | +57.8% | +22.6% |
| June 30, 2024 | $22.50M | +63.7% | +9.0% |
| March 31, 2024 | $20.65M | +83.1% | +18.1% |
| September 30, 2023 | $17.49M | +81.8% | +27.2% |
| June 30, 2023 | $13.75M | +64.3% | +21.9% |
- Celcuity Inc. showed an increase of +39.1% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2025 period, Celcuity Inc.’s r&d expense has grown by 4631.0% (from $3.06 million to $145.00 million).
- The most recent figure is from Celcuity Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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