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
DateValue
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