Alto Neuroscience (ANRO) Operating Expenses (2023 - 2026)

Alto Neuroscience (ANRO) reported Operating Expenses of $27.1 million for Q1 2026, up 73.12% on a YoY basis from $15.7 million in Q1 2025, and up 59.12% sequentially from $17.1 million in Q4 2025.

Alto Neuroscience (ANRO) Operating Expenses (2023 - 2026) Analysis & Trends

Alto Neuroscience (ANRO) has 4 years of Operating Expenses data on file, last reported at $27.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 73.12% year-over-year to $27.1 million; the trailing twelve-month figure through Mar 2026 stood at $77.8 million (up 11.34% YoY), and the FY2025 full-year result was $66.4 million, down 3.27% from the prior year.
  • Operating Expenses grew to $27.1 million in Q1 2026, from $17.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $27.1 million in Q1 2026 to a low of $7.2 million in Q1 2023.
  • A 4-year average of $15.4 million and a median of $15.7 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 101.0% in 2024 and decreased 20.84% in 2025, its largest moves.
  • Tracing ANRO's Operating Expenses over 4 years: stood at $11.8 million in 2023, then soared by 44.47% to $17.0 million in 2024, then climbed by 0.34% to $17.1 million in 2025, then soared by 59.12% to $27.1 million in 2026.
  • Business Quant data shows ANRO's Operating Expenses at $27.1 million in Q1 2026, $17.1 million in Q4 2025, and $15.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Alto Neuroscience 869.36 Mn 869.36 Mn - 27.14 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 27.14 Mn
Dec 31, 2025 17.06 Mn
Sep 30, 2025 14.95 Mn
Jun 30, 2025 18.68 Mn
Mar 31, 2025 15.68 Mn
Dec 31, 2024 17.00 Mn
Sep 30, 2024 18.89 Mn
Jun 30, 2024 18.34 Mn
Mar 31, 2024 14.39 Mn
Dec 31, 2023 11.77 Mn
Sep 30, 2023 9.72 Mn
Jun 30, 2023 9.13 Mn
Mar 31, 2023 7.20 Mn