Soleno Therapeutics (SLNO) Operating Expenses (2013 - 2026)
Soleno Therapeutics (SLNO) reported Operating Expenses of $63.3 million for Q1 2026, up 38.44% year-over-year from $45.7 million in Q1 2025, and up 21.42% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $63.3 million, up 38.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $198.6 million (down 5.41% YoY), and the FY2025 annual result was $181.0 million, down 3.56% from the prior year.
- Operating Expenses rose to $63.3 million in Q1 2026 per SLNO's latest filing, from $52.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $80.2 million in Q3 2024 and troughed at $5.6 million in Q4 2022.
- A 5-year average of $29.3 million and a median of $23.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 672.61% in 2024, then tumbled 45.25% in 2025.
- A 5-year view of Operating Expenses shows it 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 dropped by 11.78% to $52.2 million in 2025, then increased by 21.42% to $63.3 million in 2026.
- Business Quant data shows SLNO's Operating Expenses at $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 | 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 | Soleno Therapeutics | 2.76 Bn | 2.51 Bn | 93.41 Mn | 63.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |