Apogee Therapeutics (APGE) Research & Development (2022 - 2026)
Apogee Therapeutics (APGE) posted quarterly Research & Development of $60.8 million for Q1 2026, up 31.11% year-over-year from $46.4 million in Q1 2025, and up 4.06% quarter-over-quarter from $58.4 million in Q4 2025.
Analysis
Apogee Therapeutics (APGE) Research & Development (2022 - 2026) Analysis & Trends
Apogee Therapeutics (APGE) has reported Research & Development for 5 consecutive years, with $60.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 31.11% year-over-year to $60.8 million; the TTM figure through Mar 2026 stood at $229.1 million (up 23.5% YoY), while the FY2025 annual figure was $214.7 million, up 27.91% from the prior year.
- Research & Development climbed to $60.8 million in Q1 2026 per APGE's latest filing, from $58.4 million in the prior quarter.
- Across five years, Research & Development topped out at $60.8 million in Q1 2026 and bottomed at $1.4 million in Q2 2022.
- Historically, Research & Development has averaged $33.5 million across 5 years, with a median of $31.1 million in 2023.
- Annual changes were most pronounced in 2023 — Research & Development jumped 863.12% — and 2025, when it declined 2.96%.
- Apogee Therapeutics' Research & Development stood at $12.2 million in 2022, then surged by 137.17% to $29.0 million in 2023, then soared by 108.02% to $60.2 million in 2024, then slipped by 2.96% to $58.4 million in 2025, then climbed by 4.06% to $60.8 million in 2026.
- Business Quant data shows APGE's Research & Development at $60.8 million in Q1 2026, $58.4 million in Q4 2025, and $54.2 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.62 Bn | 131.77 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.73 Bn | 77.73 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.53 Bn | 58.35 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 58.23 Bn | 53.09 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.05 Bn | 44.05 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 40.03 Bn | 34.93 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.50 Bn | 32.19 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.52 Bn | 27.68 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.46 Bn | 26.30 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Apogee Therapeutics | 10.18 Bn | 9.20 Bn | - | 67.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.30 Mn |
| Mar 31, 2026 | 60.82 Mn |
| Dec 31, 2025 | 58.44 Mn |
| Sep 30, 2025 | 54.18 Mn |
| Jun 30, 2025 | 55.70 Mn |
| Mar 31, 2025 | 46.39 Mn |
| Dec 31, 2024 | 60.23 Mn |
| Sep 30, 2024 | 45.71 Mn |
| Jun 30, 2024 | 33.21 Mn |
| Mar 31, 2024 | 28.72 Mn |
| Dec 31, 2023 | 28.95 Mn |
| Sep 30, 2023 | 17.07 Mn |
| Jun 30, 2023 | 13.95 Mn |
| Mar 31, 2023 | 8.46 Mn |
| Dec 31, 2022 | 12.21 Mn |
| Sep 30, 2022 | 9.89 Mn |
| Jun 30, 2022 | 1.45 Mn |