Alto Neuroscience (ANRO) Operating Expenses (2023 - 2026)
Alto Neuroscience (ANRO) reported Operating Expenses of $29.13 million for Q2 2026, up 55.9% from $18.68 million a year earlier and up 7.3% from the prior quarter.
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Analysis
Alto Neuroscience (ANRO) Operating Expenses (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Alto Neuroscience's Operating Expenses came in at $88.27 million, up 25.7% year-over-year; for FY2025, it came in at $66.36 million, down 3.3% from FY2024.
- By year, Operating Expenses came in at $68.61 million in FY2024 (+81.5%) and $37.81 million in FY2023.
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q1 2023.
- Year over year, Operating Expenses has now increased in each of the last three quarters, with growth averaging 32.3% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q2 2024 (growth of 101.0%); the low point was Q3 2025 (a decline of 20.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $27.14 million (Q1 2026), $17.06 million (Q4 2025) and $14.95 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 | Alto Neuroscience | 935.96 Mn | 935.96 Mn | - | 29.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.13 Mn |
| 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 |
API Access
Alto Neuroscience 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=ANRO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ANRO", "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=ANRO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();