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Alumis (ALMS) R&D spending by quarter

Alumis' R&D spending was $85.3M in Q2 2026 (second quarter 2026), +5% from Q1 2026. Over the last 6 quarters it ranged from $81.5M (Q1 2026) to $109M (Q2 2025).

Alumis R&D spending by quarterAlumis R&D spending by quarter$96.6MQ1 2025$109MQ2 2025$97.8MQ3 2025$82.8MQ4 2025$81.5MQ1 2026$85.3MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$85.3M+5%-22%
Q1 2026$81.5M-2%-16%
Q4 2025$82.8M-15%—
Q3 2025$97.8M-10%—
Q2 2025$109M+13%—
Q1 2025$96.6M——

Q2 2026 at a glance

Alumis, Q2 2026: revenue $1.7M (-38% year over year), net loss $142M, operating cash flow −$81.5M. The chart follows the revenue to costs, profit and cash.

Questions

What is Alumis' R&D spending?

Alumis' R&D spending was $85.3M in Q2 2026 (second quarter 2026), +5% from Q1 2026.

How has Alumis' R&D spending changed?

Over the last 6 quarters it ranged from $81.5M (Q1 2026) to $109M (Q2 2025).

Q2 2026 results → · How Alumis makes money →