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 | 67,072.09 Bn | 67,072.09 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -443.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 343.97 Mn |
| 10 | Alnylam Pharmaceuticals | 36.08 Bn | 33.07 Bn | 959.66 Mn | 364.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |