Alto Neuroscience (ANRO) Research & Development (2023 - 2026)
Alto Neuroscience (ANRO) reported Research & Development of $20.3 million for Q1 2026, up 103.47% on a YoY basis from $10.0 million in Q1 2025, and up 69.17% sequentially from $12.0 million in Q4 2025.
Alto Neuroscience (ANRO) Research & Development (2023 - 2026) Analysis & Trends
Alto Neuroscience (ANRO) has 4 years of Research & Development data on file, last reported at $20.3 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 103.47% year-over-year to $20.3 million; the trailing twelve-month figure through Mar 2026 stood at $55.9 million (up 18.97% YoY), and the FY2025 full-year result was $45.6 million, down 2.93% from the prior year.
- Research & Development grew to $20.3 million in Q1 2026, from $12.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $20.3 million in Q1 2026 to a low of -$20.4 million in Q4 2023.
- A 4-year average of $8.7 million and a median of $10.5 million in 2025 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 152.82% in 2024 and decreased 19.41% in 2025, its largest moves.
- Tracing ANRO's Research & Development over 4 years: stood at -$20.4 million in 2023, then surged by 152.82% to $10.8 million in 2024, then advanced by 11.07% to $12.0 million in 2025, then surged by 69.17% to $20.3 million in 2026.
- Business Quant data shows ANRO's Research & Development at $20.3 million in Q1 2026, $12.0 million in Q4 2025, and $10.5 million in Q3 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 | Alto Neuroscience | 869.36 Mn | 869.36 Mn | - | 20.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.29 Mn |
| Dec 31, 2025 | 12.00 Mn |
| Sep 30, 2025 | 10.53 Mn |
| Jun 30, 2025 | 13.12 Mn |
| Mar 31, 2025 | 9.97 Mn |
| Dec 31, 2024 | 10.80 Mn |
| Sep 30, 2024 | 13.06 Mn |
| Jun 30, 2024 | 13.18 Mn |
| Mar 31, 2024 | 9.95 Mn |
| Dec 31, 2023 | -20.45 Mn |
| Sep 30, 2023 | 7.97 Mn |
| Jun 30, 2023 | 7.07 Mn |
| Mar 31, 2023 | 5.61 Mn |