Alumis (ALMS) Research & Development (2023 - 2026)

Alumis (ALMS) has reported Research & Development for 3 consecutive years, with $82.8 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Research & Development fell 5.07% year-over-year to $82.8 million; the TTM figure through Dec 2025 stood at $386.0 million (up 45.36% YoY), while the FY2025 annual figure was $386.0 million, up 45.36% from the prior year.
• Research & Development fell to $82.8 million in Q4 2025 per ALMS's latest filing, from $97.8 million in the prior quarter.
• Across five years, Research & Development topped out at $108.8 million in Q2 2025 and bottomed at $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.
• Annual changes were most pronounced in 2024 — Research & Development surged 152.0% — and 2025, when it declined 5.07%.
• Alumis' Research & Development stood at $34.6 million in 2023, then jumped by 152.0% to $87.2 million in 2024, then slipped by 5.07% to $82.8 million in 2025.
• Business Quant data shows ALMS's Research & Development at $82.8 million in Q4 2025, $97.8 million in Q3 2025, and $108.8 million in Q2 2025.