Semnur Pharmaceuticals (SMNR) Operating Expenses (2022 - 2026)
Semnur Pharmaceuticals (SMNR) posted Operating Expenses of $4.22 million for Q2 2026, up 322.8% from $999,000 a year earlier but down 7.7% from the prior quarter.
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Analysis
Semnur Pharmaceuticals (SMNR) Operating Expenses (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Semnur Pharmaceuticals was $167.55 million; for FY2025, it was $160.42 million.
- Annual Operating Expenses shows a three-year compound annual growth rate of 360.7% (FY2022 to FY2025).
- In prior years, Semnur Pharmaceuticals' Operating Expenses was $4.69 million in FY2024 (+47.8%), $3.17 million in FY2023 (+93.4%) and $1.64 million in FY2022.
- Quarterly Operating Expenses has run from a low of $11,343 in Q1 2022 to a high of $152.59 million in Q3 2025 over five years.
- On a year-over-year basis, Operating Expenses has increased in each of the last three quarters, with growth averaging 380.1% over the last seven quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2025, with growth of 693.6%; the weakest was Q4 2023, with a decline of 87.1%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $4.58 million (Q1 2026), $6.16 million (Q4 2025) and $152.59 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,199.50 Bn | 1,168.08 Bn | 19.71 Bn | 7.95 Bn |
| 2 | Johnson & Johnson | 635.17 Bn | 555.03 Bn | 17.30 Bn | 11.12 Bn |
| 3 | AbbVie | 504.69 Bn | 477.85 Bn | 12.70 Bn | 10.56 Bn |
| 4 | Merck | 358.43 Bn | 312.86 Bn | 12.21 Bn | 12.80 Bn |
| 5 | Novartis Ag | 288.36 Bn | 252.75 Bn | 11.24 Bn | 6.09 Bn |
| 6 | Astrazeneca | 265.78 Bn | 239.54 Bn | 12.86 Bn | 9.70 Bn |
| 7 | Amgen | 237.46 Bn | 192.86 Bn | 7.24 Bn | 6.54 Bn |
| 8 | Gilead Sciences | 193.65 Bn | 167.76 Bn | 6.22 Bn | 18.20 Bn |
| 9 | Pfizer | 171.05 Bn | 118.00 Bn | 10.94 Bn | 6.68 Bn |
| 10 | Semnur Pharmaceuticals | 85.18 Mn | 84.92 Mn | - | 4.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.22 Mn |
| Mar 31, 2026 | 4.58 Mn |
| Dec 31, 2025 | 6.16 Mn |
| Sep 30, 2025 | 152.59 Mn |
| Jun 30, 2025 | 999,000.00 |
| Mar 31, 2025 | 665,000.00 |
| Dec 31, 2024 | 776,000.00 |
| Sep 30, 2024 | 1.30 Mn |
| Jun 30, 2024 | 168,186.00 |
| Mar 31, 2024 | 368,252.00 |
| Dec 31, 2023 | 182,482.00 |
| Sep 30, 2023 | 505,895.00 |
| Jun 30, 2023 | 563,701.00 |
| Mar 31, 2023 | 1.92 Mn |
| Dec 31, 2022 | 1.41 Mn |
| Sep 30, 2022 | 72,961.00 |
| Jun 30, 2022 | 145,678.00 |
| Mar 31, 2022 | 11,343.00 |
API Access
Semnur Pharmaceuticals Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SMNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SMNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SMNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();