SELLAS Life Sciences Group, Inc. SLS
We are a late-stage clinical biopharmaceutical company focused on the development of novel therapeutics for a broad range of cancer indications. Our product candidates currently include galinpepimut-S, or GPS, a peptide immunotherapy directed against the Wilms tumor 1, or WT1, antigen, and SLS009 (tambiciclib), a highly selective small molecule cyclin-dependent kinase 9, or CDK9, inhibitor.
Galinpepimut-S: Highly Novel and Engineered Immunotherapy Targeting the WT1 Antigen
Our lead product candidate, GPS, is a cancer immunotherapeutic agent licensed from Memorial Sloan Kettering Cancer Center, or MSK, that targets the WT1 protein, which is present in 20 or more cancer types. Based on its mechanism of action as a directly immunizing agent, GPS has potential as a monotherapy or in combination with other immunotherapeutic agents to address a broad spectrum of hematologic, or blood, cancers, and solid tumor indications.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $1.0M | $7.6M | $1.9M | $0 | — | — | — |
| Cost of revenue | $0 | $0 | $0 | $100.0K | $200.0K | $0 | — | — | — | — |
| Gross profit | — | — | $0 | $900.0K | $7.4M | $1.9M | — | — | — | — |
| R&D | — | — | — | — | $15.7M | $9.3M | $7.3M | $8.8M | $6.1M | $11.4M |
| SG&A | $12.3M | $12.4M | $13.9M | $12.6M | $11.3M | $9.6M | $9.9M | $12.8M | $15.1M | $4.6M |
| Total operating expenses | $28.3M | $31.5M | $37.9M | $43.0M | $32.9M | $18.9M | $20.0M | $31.1M | $23.0M | $31.9M |
| Operating income | -$28.3M | -$31.5M | -$37.9M | -$42.0M | -$25.3M | -$17.0M | -$20.0M | — | -$23.0M | -$16.0M |
| Interest expense | — | — | $525.0K | $317.0K | $6.0K | $26.0K | $118.0K | $266.0K | $462.0K | $1.2M |
| Pre-tax income | -$26.9M | -$30.9M | -$37.3M | -$41.3M | -$20.9M | -$16.8M | -$19.4M | -$29.0M | -$23.5M | -$17.7M |
| Income tax | $0 | $0 | $0 | $0 | $237.0K | $17.0K | $81.0K | $1.4M | $253.0K | $1.0K |
| Net income | -$26.9M | -$30.9M | -$37.3M | -$41.3M | -$20.7M | -$16.8M | -$19.3M | -$27.7M | -$23.8M | -$17.7M |
| EPS, basic | -0.25 | -0.50 | -1.34 | -2.13 | -1.34 | -2.11 | — | — | — | — |
| EPS, diluted | -0.25 | -0.50 | -1.34 | -2.13 | -1.34 | -2.11 | -10.92 | -157.72 | -10.44 | -18.66 |
| Shares, diluted (wtd. avg.) | 109.1M | 61.2M | 27.8M | 19.4M | 15.5M | 8.0M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $71.8M | $13.9M | $2.6M | $17.2M | $21.5M | $35.4M | $7.4M | $5.5M | $12.8M | $6.0M |
| Total current assets | $75.2M | $16.3M | $3.2M | $17.8M | $23.0M | $36.9M | $8.2M | $5.8M | $13.1M | $6.4M |
| Property, plant and equipment | — | — | — | — | — | — | — | — | — | $199.0K |
| Goodwill | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $5.9M |
| Total assets | $78.3M | $19.4M | $6.2M | $20.9M | $26.3M | $46.0M | $16.6M | $16.9M | $33.5M | $6.4M |
| Accounts payable | $2.9M | $3.5M | $5.6M | $3.4M | $2.1M | $4.7M | $3.9M | $3.8M | $11.7M | $840.0K |
| Short-term debt | — | — | — | — | — | — | — | $0 | $8.4M | $16.4M |
| Total current liabilities | $7.0M | $9.5M | $13.7M | $15.5M | $5.0M | $12.3M | $5.3M | $6.0M | $24.6M | $5.8M |
| Long-term debt | — | — | — | — | — | — | — | $0 | $2.6M | — |
| Total liabilities | $7.5M | $10.0M | $14.2M | $16.1M | $5.9M | $18.1M | $10.5M | $11.7M | $31.5M | $11.4M |
| Retained earnings | -$275.0M | -$248.1M | -$217.2M | -$179.9M | -$138.6M | -$117.9M | -$101.1M | -$81.9M | -$54.2M | -$30.4M |
| Total equity | $70.9M | $9.5M | -$8.0M | $4.9M | $20.3M | $28.0M | $6.1M | $5.2M | $2.1M | -$5.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$28.4M | -$35.4M | -$31.4M | -$23.8M | -$26.0M | -$10.4M | -$17.6M | -$30.4M | -$11.0M | -$11.8M |
| Depreciation and amortisation | — | — | — | — | — | — | — | — | — | $3.0K |
| Stock-based compensation | $2.0M | $1.6M | $2.1M | $1.7M | $1.0M | $578.0K | $573.0K | $395.0K | $3.2M | $354.0K |
| Capital expenditure | — | — | — | — | — | — | — | — | — | $6.0K |
| Investing cash flow | — | $0 | -$5.5M | -$4.5M | $0 | — | — | $0 | $12.2M | -$85.0K |
| Financing cash flow | $86.3M | $46.8M | $22.3M | $24.1M | $12.1M | $38.4M | $19.6M | $23.1M | $5.5M | $16.5M |
| Dividends paid | — | — | — | — | — | — | $0 | $487.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-047693.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $0 | $1.9M | $7.6M | $1.0M | $0 | — | — |
| Gross profit | — | — | — | — | $1.9M | $7.4M | $900.0K | $0 | — | — |
| Net income | -$17.7M | -$23.8M | -$27.7M | -$19.3M | -$16.8M | -$20.7M | -$41.3M | -$37.3M | -$30.9M | -$26.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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