Soleno Therapeutics (SLNO) Operating Expenses (2013 - 2026)

Soleno Therapeutics' (SLNO) quarterly Operating Expenses came in at $63.3 million in Q1 2026, up 38.44% year-on-year from $45.7 million in Q1 2025, and up 21.42% on a QoQ basis from $52.2 million in Q4 2025.

Soleno Therapeutics (SLNO) Operating Expenses (2013 - 2026) Analysis & Trends

Soleno Therapeutics (SLNO) has 14 years of Operating Expenses data on file, last reported at $63.3 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 38.44% year-over-year to $63.3 million in Q1 2026; TTM through Mar 2026 was $198.6 million, a 5.41% decrease from a year earlier, with the FY2025 full-year figure at $181.0 million, down 3.56% from the prior year.
  • Operating Expenses for Q1 2026 stood at $63.3 million, up from $52.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for SLNO reached as high as $80.2 million in Q3 2024 and fell as low as $5.6 million in Q4 2022.
  • Historically, Operating Expenses has averaged $29.3 million across 5 years, with a median of $23.5 million in 2024.
  • Across the five-year window, Operating Expenses jumped 672.61% in 2024 and sank 45.25% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $5.6 million in 2022, then surged by 147.95% to $13.9 million in 2023, then soared by 324.99% to $59.1 million in 2024, then retreated by 11.78% to $52.2 million in 2025, then advanced by 21.42% to $63.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $63.3 million in Q1 2026, $52.2 million in Q4 2025, and $43.9 million in 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 Soleno Therapeutics 874.25 Mn 618.67 Mn 93.41 Mn 63.33 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 63.33 Mn
Dec 31, 2025 52.15 Mn
Sep 30, 2025 43.91 Mn
Jun 30, 2025 39.18 Mn
Mar 31, 2025 45.74 Mn
Dec 31, 2024 59.12 Mn
Sep 30, 2024 80.21 Mn
Jun 30, 2024 24.87 Mn
Mar 31, 2024 23.48 Mn
Dec 31, 2023 13.91 Mn
Sep 30, 2023 10.38 Mn
Jun 30, 2023 8.62 Mn
Mar 31, 2023 8.47 Mn
Dec 31, 2022 5.61 Mn
Sep 30, 2022 6.24 Mn
Jun 30, 2022 6.78 Mn
Mar 31, 2022 5.77 Mn
Dec 31, 2021 3.00 Mn
Sep 30, 2021 8.29 Mn
Jun 30, 2021 11.09 Mn