Alnylam Pharmaceuticals (ALNY) Research & Development (2009 - 2026)
Alnylam Pharmaceuticals' (ALNY) quarterly Research & Development came in at $413.1 million in Q2 2026, up 27.66% on a YoY basis from $323.6 million in Q2 2025, and up 13.23% quarter-over-quarter from $364.9 million in Q1 2026.
Analysis
Alnylam Pharmaceuticals (ALNY) Research & Development (2009 - 2026) Analysis & Trends
Alnylam Pharmaceuticals (ALNY) has reported Research & Development for 18 consecutive years, with $413.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 27.66% year-over-year to $413.1 million; the trailing twelve-month figure through Jun 2026 stood at $1.5 billion (up 30.11% YoY), and the FY2025 full-year result was $1.3 billion, up 17.19% from the prior year.
- Research & Development improved to $413.1 million in Q2 2026 per ALNY's latest filing, from $364.9 million in the prior quarter.
- Across five years, Research & Development topped out at $413.1 million in Q2 2026 and bottomed at $169.9 million in Q1 2022.
- Historically, Research & Development has averaged $284.0 million across 5 years, with a median of $268.0 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Research & Development decreased 8.61% in 2022, then soared 37.62% in 2026.
- Over 5 years, Research & Development stood at $262.0 million in 2022, then climbed by 3.86% to $272.1 million in 2023, then increased by 10.3% to $300.2 million in 2024, then increased by 24.0% to $372.2 million in 2025, then climbed by 10.99% to $413.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $413.1 million, $364.9 million, and $372.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 236.37 Bn | 222.38 Bn | 7.24 Bn | 1.87 Bn |
| 2 | Gilead Sciences | 187.38 Bn | 184.12 Bn | 6.22 Bn | 1.76 Bn |
| 3 | Vertex Pharmaceuticals | 138.36 Bn | 130.51 Bn | 2.84 Bn | 993.80 Mn |
| 4 | Regeneron Pharmaceuticals | 85.09 Bn | 77.10 Bn | 3.93 Bn | 1.63 Bn |
| 5 | Argenx Se | 63.93 Bn | 58.75 Bn | 1.37 Bn | -486.00 Mn |
| 6 | Moderna | 58.07 Bn | 52.94 Bn | 52.00 Mn | 651.00 Mn |
| 7 | Alnylam Pharmaceuticals | 35.59 Bn | 32.28 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Biogen | 32.63 Bn | 31.34 Bn | 1.96 Bn | 529.60 Mn |
| 9 | Insmed | 27.57 Bn | 26.41 Bn | 358.27 Mn | 210.03 Mn |
| 10 | BioNTech SE | 26.24 Bn | 12.58 Bn | 10.00 Mn | -640.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 413.13 Mn |
| Mar 31, 2026 | 364.87 Mn |
| Dec 31, 2025 | 372.22 Mn |
| Sep 30, 2025 | 358.81 Mn |
| Jun 30, 2025 | 323.62 Mn |
| Mar 31, 2025 | 265.12 Mn |
| Dec 31, 2024 | 300.17 Mn |
| Sep 30, 2024 | 270.93 Mn |
| Jun 30, 2024 | 294.14 Mn |
| Mar 31, 2024 | 261.00 Mn |
| Dec 31, 2023 | 272.14 Mn |
| Sep 30, 2023 | 253.18 Mn |
| Jun 30, 2023 | 248.53 Mn |
| Mar 31, 2023 | 230.57 Mn |
| Dec 31, 2022 | 262.04 Mn |
| Sep 30, 2022 | 245.37 Mn |
| Jun 30, 2022 | 205.71 Mn |
| Mar 31, 2022 | 169.89 Mn |
| Dec 31, 2021 | 229.05 Mn |
| Sep 30, 2021 | 194.57 Mn |