Neumora Therapeutics (NMRA) Operating Expenses (2022 - 2026)

Neumora Therapeutics' 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 has reported Operating Expenses for 5 years, with the latest figure at $52.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 25.48% year-over-year to $52.9 million; the trailing twelve-month figure through Mar 2026 stood at $223.1 million (down 18.68% YoY), and the FY2025 full-year result was $241.2 million, down 8.47% from the prior year.
  • Operating Expenses for Q1 2026 stood at $52.9 million, down from $58.5 million in the prior quarter.
  • The five-year high for Operating Expenses was $114.0 million in Q4 2023, with the low at $30.6 million in Q3 2022.
  • Average Operating Expenses over 5 years is $58.1 million, with a median of $57.7 million recorded in 2025.
  • Year-over-year, Operating Expenses soared 271.13% in 2023 and sank 44.81% in 2024.
  • Tracing NMRA's Operating Expenses over 5 years: stood at $30.7 million in 2022, then soared by 271.13% to $114.0 million in 2023, then slumped by 44.81% to $62.9 million in 2024, then dropped by 7.06% to $58.5 million in 2025, then fell by 9.6% to $52.9 million in 2026.
  • The last three Operating Expenses figures came in at $52.9 million (Q1 2026), $58.5 million (Q4 2025), and $57.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 2.97 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.33 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -138.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 15.76 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 1.85 Bn
7 Evaxion A 62.56 Bn 62.54 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 2.96 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 898.54 Mn
10 Neumora Therapeutics 328.27 Mn 328.27 Mn - 52.86 Mn

Historic Data

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DateValue
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