Neumora Therapeutics (NMRA) Operating Expenses (2022 - 2026)
Neumora Therapeutics' (NMRA) quarterly Operating Expenses came in at $52.9 million in Q1 2026, down 25.48% year-on-year from $70.9 million in Q1 2025, and down 9.6% quarter-over-quarter from $58.5 million in Q4 2025.
Neumora Therapeutics (NMRA) Operating Expenses (2022 - 2026) Analysis & Trends
Neumora Therapeutics' Operating Expenses history runs 5 years deep, the most recent figure standing at $52.9 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 25.48% year-over-year to $52.9 million in Q1 2026; TTM through Mar 2026 was $223.1 million, a 18.68% decrease from a year earlier, with the FY2025 full-year figure at $241.2 million, down 8.47% from the prior year.
- Operating Expenses eased to $52.9 million in Q1 2026 per NMRA's latest filing, from $58.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $114.0 million in Q4 2023 and bottomed at $30.6 million in Q3 2022.
- The 5-year median for Operating Expenses is $57.7 million (2025), against an average of $58.1 million.
- Across the five-year window, Operating Expenses soared 271.13% in 2023 and sank 44.81% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $30.7 million in 2022, then surged by 271.13% to $114.0 million in 2023, then sank by 44.81% to $62.9 million in 2024, then slipped by 7.06% to $58.5 million in 2025, then declined by 9.6% to $52.9 million in 2026.
- Per Business Quant, the three latest NMRA Operating Expenses figures stand at $52.9 million (Q1 2026), $58.5 million (Q4 2025), and $57.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Neumora Therapeutics | 270.71 Mn | 270.71 Mn | - | 52.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.86 Mn |
| Dec 31, 2025 | 58.48 Mn |
| Sep 30, 2025 | 57.70 Mn |
| Jun 30, 2025 | 54.04 Mn |
| Mar 31, 2025 | 70.94 Mn |
| Dec 31, 2024 | 62.92 Mn |
| Sep 30, 2024 | 76.65 Mn |
| Jun 30, 2024 | 63.82 Mn |
| Mar 31, 2024 | 60.07 Mn |
| Dec 31, 2023 | 114.00 Mn |
| Sep 30, 2023 | 56.86 Mn |
| Jun 30, 2023 | 42.06 Mn |
| Mar 31, 2023 | 39.17 Mn |
| Dec 31, 2022 | 30.72 Mn |
| Sep 30, 2022 | 30.60 Mn |