Alumis (ALMS) Research & Development (2023 - 2025)

Alumis' (ALMS) quarterly Research & Development came in at $82.8 million in Q4 2025, down 5.07% year-on-year from $87.2 million in Q4 2024, and down 15.38% on a QoQ basis from $97.8 million in Q3 2025.

Alumis (ALMS) Research & Development (2023 - 2025) Analysis & Trends

Alumis (ALMS) has 3 years of Research & Development data on file, last reported at $82.8 million in Q4 2025.

  • On a quarterly basis, Research & Development fell 5.07% year-over-year to $82.8 million in Q4 2025; TTM through Dec 2025 was $386.0 million, a 45.36% increase from a year earlier, with the FY2025 full-year figure at $386.0 million, up 45.36% from the prior year.
  • Research & Development for Q4 2025 stood at $82.8 million, down from $97.8 million in the prior quarter.
  • Over the last five years, Research & Development for ALMS reached as high as $108.8 million in Q2 2025 and fell as low as $32.8 million in Q2 2023.
  • Historically, Research & Development has averaged $68.8 million across 3 years, with a median of $82.8 million in 2025.
  • Across the five-year window, Research & Development soared 152.0% in 2024 and slipped 5.07% in 2025, its largest moves.
  • Year by year, Research & Development stood at $34.6 million in 2023, then soared by 152.0% to $87.2 million in 2024, then declined by 5.07% to $82.8 million in 2025.
  • Per Business Quant data, the three most recent Research & Development figures were $82.8 million in Q4 2025, $97.8 million in Q3 2025, and $108.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Alumis 2.37 Bn 2.06 Bn - 82.79 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 82.79 Mn
Sep 30, 2025 97.84 Mn
Jun 30, 2025 108.76 Mn
Mar 31, 2025 96.62 Mn
Dec 31, 2024 87.20 Mn
Sep 30, 2024 87.82 Mn
Jun 30, 2024 48.57 Mn
Mar 31, 2024 41.96 Mn
Dec 31, 2023 34.61 Mn
Sep 30, 2023 37.79 Mn
Jun 30, 2023 32.85 Mn