Neumora Therapeutics (NMRA) Research & Development (2022 - 2026)
Neumora Therapeutics (NMRA) posted quarterly Research & Development of $38.6 million for Q1 2026, down 25.99% year-over-year from $52.2 million in Q1 2025, and down 13.59% quarter-over-quarter from $44.7 million in Q4 2025.
Analysis
Neumora Therapeutics (NMRA) Research & Development (2022 - 2026) Analysis & Trends
Neumora Therapeutics' Research & Development history runs 5 years deep, the most recent figure standing at $38.6 million for Q1 2026.
- In Q1 2026, Research & Development fell 25.99% year-over-year to $38.6 million; the TTM figure through Mar 2026 stood at $162.5 million (down 21.61% YoY), while the FY2025 annual figure was $176.1 million, down 12.37% from the prior year.
- Research & Development for Q1 2026 stood at $38.6 million, down from $44.7 million in the prior quarter.
- The five-year high for Research & Development was $60.6 million in Q3 2024, with the low at $22.5 million in Q3 2022.
- The 5-year median for Research & Development is $40.5 million (2025), against an average of $40.3 million.
- The sharpest annual moves came in 2023 and 2025: Research & Development jumped 84.49% in 2023, then sank 33.17% in 2025.
- Neumora Therapeutics' Research & Development stood at $23.5 million in 2022, then jumped by 65.22% to $38.9 million in 2023, then climbed by 18.14% to $45.9 million in 2024, then decreased by 2.71% to $44.7 million in 2025, then slipped by 13.59% to $38.6 million in 2026.
- Business Quant data shows NMRA's Research & Development at $38.6 million in Q1 2026, $44.7 million in Q4 2025, and $40.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.76 Bn | 131.91 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.72 Bn | 77.72 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.56 Bn | 58.38 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 57.87 Bn | 52.73 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.06 Bn | 44.06 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 40.08 Bn | 34.98 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.50 Bn | 32.20 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.54 Bn | 27.70 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.49 Bn | 26.33 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Neumora Therapeutics | 243.49 Mn | 243.49 Mn | - | 29.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.28 Mn |
| Mar 31, 2026 | 38.60 Mn |
| Dec 31, 2025 | 44.67 Mn |
| Sep 30, 2025 | 40.52 Mn |
| Jun 30, 2025 | 38.72 Mn |
| Mar 31, 2025 | 52.15 Mn |
| Dec 31, 2024 | 45.91 Mn |
| Sep 30, 2024 | 60.63 Mn |
| Jun 30, 2024 | 48.63 Mn |
| Mar 31, 2024 | 45.76 Mn |
| Dec 31, 2023 | 38.86 Mn |
| Sep 30, 2023 | 41.60 Mn |
| Jun 30, 2023 | 32.77 Mn |
| Mar 31, 2023 | 29.49 Mn |
| Dec 31, 2022 | 23.52 Mn |
| Sep 30, 2022 | 22.55 Mn |