Alector (ALEC) Operating Expenses (2018 - 2026)
Alector (ALEC) recorded Operating Expenses of $27.71 million in Q2 2026, down 34.0% from $42.01 million a year earlier but up 6.7% from the prior quarter.
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Analysis
Alector (ALEC) Operating Expenses (2018 - 2026) Analysis & Trends
On a TTM basis, Alector's Operating Expenses came in at $140.35 million as of Jun 30, 2026, down 34.9% year-over-year; for FY2025, it came in at $177.05 million, down 27.9% from FY2024.
- Annual Operating Expenses has declined for three straight years, with a five-year compound annual growth rate of -3.9% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $245.56 million in FY2024 (-1.3%), $248.8 million in FY2023 (-8.4%), $271.5 million in FY2022 (+11.1%) and $244.45 million in FY2021 (+13.0%).
- Quarterly Operating Expenses has ranged from $25.97 million in Q1 2026 to $70.38 million in Q2 2022 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for seven consecutive quarters, with an average decline of 23.3% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 21.0% in Q4 2021, against a decline of 46.3% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $25.97 million (Q1 2026), $45.8 million (Q4 2025) and $40.87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Alector | 214.38 Mn | -712.06 Mn | - | 27.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.71 Mn |
| Mar 31, 2026 | 25.97 Mn |
| Dec 31, 2025 | 45.80 Mn |
| Sep 30, 2025 | 40.87 Mn |
| Jun 30, 2025 | 42.01 Mn |
| Mar 31, 2025 | 48.37 Mn |
| Dec 31, 2024 | 61.49 Mn |
| Sep 30, 2024 | 63.78 Mn |
| Jun 30, 2024 | 60.69 Mn |
| Mar 31, 2024 | 59.60 Mn |
| Dec 31, 2023 | 62.64 Mn |
| Sep 30, 2023 | 59.69 Mn |
| Jun 30, 2023 | 59.80 Mn |
| Mar 31, 2023 | 66.66 Mn |
| Dec 31, 2022 | 69.93 Mn |
| Sep 30, 2022 | 62.60 Mn |
| Jun 30, 2022 | 70.38 Mn |
| Mar 31, 2022 | 68.60 Mn |
| Dec 31, 2021 | 69.72 Mn |
| Sep 30, 2021 | 56.08 Mn |
API Access
Alector Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=ALEC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ALEC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=ALEC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();