Quick Answer
ALUMIS INC. reported R&D Expense of $386.00 million for fiscal year 2025.
ALUMIS INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $386.00M | +45.4% |
| 2024 | $265.55M | +92.9% |
| 2023 | $137.68M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $97.84M | +11.4% | -10.0% |
| June 30, 2025 | $108.75M | +123.9% | +12.6% |
| March 31, 2025 | $96.62M | +130.3% | +10.0% |
| September 30, 2024 | $87.82M | +132.4% | +80.8% |
| June 30, 2024 | $48.56M | +47.8% | +15.7% |
| March 31, 2024 | $41.96M | — | +11.0% |
| September 30, 2023 | $37.79M | — | +15.0% |
| June 30, 2023 | $32.85M | — | — |
- ALUMIS INC. showed an increase of +45.4% in R&D Expense compared to the prior fiscal year.
- Over the 2023–2025 period, ALUMIS INC.’s r&d expense has grown by 180.4% (from $137.68 million to $386.00 million).
- The most recent figure is from ALUMIS INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 19, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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