Alnylam Pharmaceuticals (ALNY) Research & Development (2009 - 2026)

Alnylam Pharmaceuticals (ALNY) posted Research & Development of $364.9 million for Q1 2026, down 1.98% on a QoQ basis from $372.2 million in Q4 2025, and up 37.62% year-over-year from $265.1 million in Q1 2025.

Alnylam Pharmaceuticals (ALNY) Research & Development (2009 - 2026) Analysis & Trends

Alnylam Pharmaceuticals' Research & Development history runs 18 years deep, the most recent figure standing at $364.9 million for Q1 2026.

  • Quarterly Research & Development rose 37.62% year-over-year to $364.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 25.58% YoY) and the FY2025 annual result came in at $1.3 billion, up 17.19% from the prior year.
  • Research & Development was $364.9 million for Q1 2026 at Alnylam Pharmaceuticals, down from $372.2 million in the prior quarter.
  • Across five years, Research & Development topped out at $372.2 million in Q4 2025 and bottomed at $169.9 million in Q1 2022.
  • A 5-year average of $276.4 million and a median of $265.1 million in 2025 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development dropped 8.61% — and 2026, when it surged 37.62%.
  • Alnylam Pharmaceuticals' 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 dropped by 1.98% to $364.9 million in 2026.
  • Business Quant data shows ALNY's Research & Development at $364.9 million in Q1 2026, $372.2 million in Q4 2025, and $358.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Alnylam Pharmaceuticals 35.71 Bn 32.70 Bn 959.66 Mn 364.87 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 182.64 Mn