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Celldex Therapeutics CLDX Business Segments — Product Development Expenses

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Other financials

Income statement

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Revenue$22.0K-97.0%
Operating income-$80.6M-26.3%
Net income-$73.5M-29.9%
EPS (diluted)-$0.94-10.6%

Balance sheet

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Cash & equivalents$47.5M+106%
Total debt$4.9M+61.8%
Total equity$714.6M+9.0%
Total assets$782.3M+13.0%

Cash flow

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Operating cash flow-$57.4M-30.5%
CapEx$3.2M+337%
Free cash flow-$60.6M-35.4%

Valuation

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Market cap$3.26B+129%
Enterprise value$3.22B+129%
P/S20,646.4×+20,401×

Profitability

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Operating margin-206,220.3%-210,440pp
Net margin-190,220.9%-193,797pp
FCF margin-153,231%-156,630pp

Returns & leverage

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Return on equity-43.9%+70.0pp
Debt / equity0.0×
Current ratio11.8×-7.8×

Where this comes from

Reported directly by Celldex Therapeutics in its filing.

Tagged under the XBRL concept cldx:ProductDevelopmentExpenses.

The source filing: Celldex Therapeutics’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:06 PM EST
Fiscal year
FY2025
Accession
0001104659-26-019652
Line itemYear Ended / December 31, 2025Year Ended / December 31, 2024Year Ended / December 31, 2023
Personnel$57,204$51,906$40,121
Laboratory Supplies5,9975,6115,358
Facility5,3015,0944,970
Product Development (b)161,09690,60459,319
Other Expenses (c)15,47610,3358,243
Total R&D Expense$245,074$163,550$118,011

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Celldex Therapeutics's business segments — product development expenses?
Celldex Therapeutics (CLDX) reported business segments — product development expenses of $40.27M in Q4 2025.
How has Celldex Therapeutics's business segments — product development expenses changed year-over-year?
Celldex Therapeutics's business segments — product development expenses increased by 77.8% year-over-year, from $22.65M to $40.27M.
What is the long-term trend for Celldex Therapeutics's business segments — product development expenses?
Over 3 years (2022 to 2025), Celldex Therapeutics's business segments — product development expenses has grown at a 71.1% compound annual growth rate (CAGR), from $32.16M to $161.1M.
What does business segments — product development expenses mean?
This metric quantifies the direct financial resources dedicated to the clinical advancement and technical development of the company's pipeline assets. It highlights the company's focus on translating scientific research into viable therapeutic products. Investors use this to gauge the intensity and pace of the company's clinical trial activities.

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