Mereo BioPharma (MREO) Operating Expenses (2023 - 2026)
Mereo BioPharma (MREO) reported Operating Expenses of $8.8 million for Q1 2026, down 21.75% year-over-year from $11.2 million in Q1 2025, and up 4.48% quarter-over-quarter from $8.4 million in Q4 2025.
Mereo BioPharma (MREO) Operating Expenses (2023 - 2026) Analysis & Trends
Mereo BioPharma (MREO) has 4 years of Operating Expenses data on file, last reported at $8.8 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $8.8 million, down 21.75% year-over-year; the trailing twelve-month figure through Mar 2026 was $38.3 million (down 21.22% YoY), and the FY2025 annual result was $40.8 million, down 13.91% from the prior year.
- Operating Expenses climbed to $8.8 million in Q1 2026 per MREO's latest filing, from $8.4 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 $10.2 million and a median of $9.9 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 100.81% in 2024, then plunged 45.07% in 2025.
- A 4-year view of Operating Expenses shows it stood at $8.4 million in 2023, then soared by 81.82% to $15.3 million in 2024, then slumped by 45.07% to $8.4 million in 2025, then increased by 4.48% to $8.8 million in 2026.
- Business Quant data shows MREO's Operating Expenses at $8.8 million in Q1 2026, $8.4 million in Q4 2025, and $10.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -3.82 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 15.76 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -67.40 Mn |
| 10 | Mereo BioPharma | 252.49 Mn | 252.49 Mn | - | 8.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |