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| 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 |