Mereo BioPharma (MREO) Operating Expenses (2023 - 2026)
Mereo BioPharma's (MREO) quarterly Operating Expenses came in at $7.0 million in Q2 2026, down 35.31% year-over-year from $10.9 million in Q2 2025, and down 19.8% quarter-over-quarter from $8.8 million in Q1 2026.
Analysis
Mereo BioPharma (MREO) Operating Expenses (2023 - 2026) Analysis & Trends
Mereo BioPharma (MREO) has reported Operating Expenses for 4 consecutive years, with $7.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 35.31% year-over-year to $7.0 million in Q2 2026; TTM through Jun 2026 was $34.5 million, a 26.15% decrease from a year earlier, with the FY2025 full-year figure at $40.8 million, down 13.91% from the prior year.
- Operating Expenses was $7.0 million for Q2 2026 at Mereo BioPharma, down from $8.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $15.3 million in Q4 2024 and troughed at $6.4 million in Q2 2023.
- A 4-year average of $10.0 million and a median of $9.6 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 100.81% in 2024 and sank 45.07% in 2025, its largest moves.
- Over 4 years, Operating Expenses stood at $8.4 million in 2023, then surged by 81.82% to $15.3 million in 2024, then tumbled by 45.07% to $8.4 million in 2025, then dropped by 16.21% to $7.0 million in 2026.
- The last three Operating Expenses figures came in at $7.0 million (Q2 2026), $8.8 million (Q1 2026), and $8.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.44 Bn | 192.45 Bn | 7.24 Bn | 6.54 Bn |
| 2 | Gilead Sciences | 179.97 Bn | 176.79 Bn | 6.22 Bn | 18.20 Bn |
| 3 | Vertex Pharmaceuticals | 130.57 Bn | 122.72 Bn | 2.84 Bn | 2.09 Bn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 3.00 Bn |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | -1.05 Bn |
| 6 | Moderna | 54.37 Bn | 49.23 Bn | 52.00 Mn | 960.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.07 Bn | 29.76 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Biogen | 31.84 Bn | 30.55 Bn | 1.96 Bn | 2.60 Bn |
| 9 | Roivant Sciences | 29.49 Bn | 29.49 Bn | 1.16 Mn | 367.83 Mn |
| 10 | Mereo BioPharma | 38.92 Mn | 38.92 Mn | - | 7.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.03 Mn |
| Mar 31, 2026 | 8.77 Mn |
| Dec 31, 2025 | 8.39 Mn |
| Sep 30, 2025 | 10.32 Mn |
| Jun 30, 2025 | 10.87 Mn |
| Mar 31, 2025 | 11.20 Mn |
| Dec 31, 2024 | 15.28 Mn |
| Sep 30, 2024 | 9.37 Mn |
| Jun 30, 2024 | 12.81 Mn |
| Mar 31, 2024 | 9.90 Mn |
| Dec 31, 2023 | 8.40 Mn |
| Sep 30, 2023 | 9.30 Mn |
| Jun 30, 2023 | 6.38 Mn |
| Mar 31, 2023 | 11.76 Mn |