Caris Life Sciences (CAI) Research & Development (2024 - 2026)

Caris Life Sciences (CAI) recorded quarterly Research & Development of $31.3 million in Q1 2026, down 1.66% quarter-over-quarter from $31.8 million in Q4 2025, and up 35.76% on a YoY basis from $23.1 million in Q1 2025.

Caris Life Sciences (CAI) Research & Development (2024 - 2026) Analysis & Trends

Caris Life Sciences' Research & Development history runs 3 years deep, the most recent figure standing at $31.3 million for Q1 2026.

  • In Q1 2026, Research & Development rose 35.76% year-over-year to $31.3 million; the TTM figure through Mar 2026 stood at $109.8 million (up 7.04% YoY), while the FY2025 annual figure was $101.6 million, down 10.83% from the prior year.
  • Research & Development was $31.3 million for Q1 2026 at Caris Life Sciences, down from $31.8 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $31.8 million in Q4 2025 to a low of $21.6 million in Q3 2025.
  • Historically, Research & Development has averaged $26.6 million across 3 years, with a median of $26.1 million in 2024.
  • The sharpest annual moves came in 2025 and 2026: Research & Development retreated 21.78% in 2025, then soared 35.76% in 2026.
  • A 3-year view of Research & Development shows it stood at $27.1 million in 2024, then increased by 17.47% to $31.8 million in 2025, then decreased by 1.66% to $31.3 million in 2026.
  • The last three Research & Development figures came in at $31.3 million (Q1 2026), $31.8 million (Q4 2025), and $21.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.32 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 15.66 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 626,092.00
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -101.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -2.30 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 1.46 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 357,444.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 961.60 Mn
9 Abivax 91.96 Bn 91.96 Bn - -58.00 Mn
10 Caris Life Sciences 5.22 Bn 4.40 Bn 171.13 Mn 31.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 31.32 Mn
Dec 31, 2025 31.85 Mn
Sep 30, 2025 21.62 Mn
Jun 30, 2025 25.05 Mn
Mar 31, 2025 23.07 Mn
Dec 31, 2024 27.11 Mn
Sep 30, 2024 27.64 Mn
Jun 30, 2024 24.79 Mn