Expenses by category (Tables)

12 Months Ended

Dec. 31, 2025

Expenses by category

Research and Development


		For the Year Ended
		December 31,
In CHF thousands		2025		2024		2023
Operating expenses		33,890		39,177		32,076
Depreciation expense		886		986		1,122
Payroll expenses		20,213		20,195		19,499
Share-based compensation		1,447		2,212		1,909
Total research and development expenses		56,436		62,570		54,606

General and Administrative


		For the Year Ended
		December 31,
In CHF thousands		2025		2024		2023
Operating expenses		2,825		4,672		3,658
Depreciation expense		1,617		1,153		1,071
Payroll expenses		8,529		8,222		7,755
Share-based compensation		3,123		3,212		2,821
Total general and administrative expenses		16,094		17,259		15,305

Finance result, net


		For the Year Ended
		December 31,
In CHF thousands		2025		2024		2023
Financial income		1,865		3,196		1,044
Financial expense		(191)		(133)		(176)
Exchange differences		(2,803)		(1,598)		(1,467)
Finance result, net		(1,129)		1,465		(599)