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

Neumora Therapeutics (NMRA) recorded quarterly Operating Expenses of $52.9 million in Q1 2026, down 9.6% quarter-over-quarter from $58.5 million in Q4 2025, and down 25.48% on a YoY basis from $70.9 million in Q1 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.

  • In Q1 2026, Operating Expenses fell 25.48% year-over-year to $52.9 million; the TTM figure through Mar 2026 stood at $223.1 million (down 18.68% YoY), while the FY2025 annual figure was $241.2 million, down 8.47% from the prior year.
  • Operating Expenses was $52.9 million for Q1 2026 at Neumora Therapeutics, down from $58.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $114.0 million in Q4 2023 to a low of $30.6 million in Q3 2022.
  • Historically, Operating Expenses has averaged $58.1 million across 5 years, with a median of $57.7 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 271.13% in 2023, then sank 44.81% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $30.7 million in 2022, then surged by 271.13% to $114.0 million in 2023, then tumbled 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.
  • 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 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 Neumora Therapeutics 270.71 Mn 270.71 Mn - 52.86 Mn

Historic Data

Download Data
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