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
DateValue
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