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
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