Alector (ALEC) Research & Development (2018 - 2026)

Alector's (ALEC) quarterly Research & Development came in at $17.9 million in Q1 2026, down 46.92% year-on-year from $33.6 million in Q1 2025, and down 44.99% on a QoQ basis from $32.5 million in Q4 2025.

Alector (ALEC) Research & Development (2018 - 2026) Analysis & Trends

Alector (ALEC) has 9 years of Research & Development data on file, last reported at $17.9 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 46.92% year-over-year to $17.9 million in Q1 2026; TTM through Mar 2026 was $107.3 million, a 38.49% decrease from a year earlier, with the FY2025 full-year figure at $123.1 million, down 33.81% from the prior year.
  • Research & Development for Q1 2026 stood at $17.9 million, down from $32.5 million in the prior quarter.
  • Over the last five years, Research & Development for ALEC reached as high as $54.5 million in Q2 2022 and fell as low as $17.9 million in Q1 2026.
  • Historically, Research & Development has averaged $42.9 million across 5 years, with a median of $46.3 million in 2023.
  • Across the five-year window, Research & Development climbed 15.98% in 2022 and sank 46.92% in 2026, its largest moves.
  • Year by year, Research & Development stood at $54.5 million in 2022, then decreased by 12.42% to $47.7 million in 2023, then declined by 2.64% to $46.5 million in 2024, then tumbled by 30.13% to $32.5 million in 2025, then plunged by 44.99% to $17.9 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $17.9 million in Q1 2026, $32.5 million in Q4 2025, and $29.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Alector 164.78 Mn -41.74 Mn - 17.86 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 17.86 Mn
Dec 31, 2025 32.46 Mn
Sep 30, 2025 29.35 Mn
Jun 30, 2025 27.61 Mn
Mar 31, 2025 33.64 Mn
Dec 31, 2024 46.46 Mn
Sep 30, 2024 48.00 Mn
Jun 30, 2024 46.31 Mn
Mar 31, 2024 45.17 Mn
Dec 31, 2023 47.72 Mn
Sep 30, 2023 46.33 Mn
Jun 30, 2023 46.18 Mn
Mar 31, 2023 51.89 Mn
Dec 31, 2022 54.49 Mn
Sep 30, 2022 48.35 Mn
Jun 30, 2022 54.53 Mn
Mar 31, 2022 53.04 Mn
Dec 31, 2021 52.79 Mn
Sep 30, 2021 43.07 Mn
Jun 30, 2021 47.82 Mn