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
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