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

Caris Life Sciences' (CAI) quarterly Research & Development came in at $45.0 million in Q1 2026, up 13.09% year-on-year from $39.8 million in Q1 2025, and up 41.44% quarter-over-quarter from $31.8 million in Q4 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 $45.0 million for Q1 2026.

  • On a quarterly basis, Research & Development rose 13.09% year-over-year to $45.0 million in Q1 2026; TTM through Mar 2026 was $140.8 million, a 22.26% decrease from a year earlier, with the FY2025 full-year figure at $101.6 million, down 33.43% from the prior year.
  • Research & Development improved to $45.0 million in Q1 2026 per CAI's latest filing, from $31.8 million in the prior quarter.
  • Across five years, Research & Development topped out at $65.8 million in Q4 2024 and bottomed at $21.6 million in Q3 2025.
  • The 3-year median for Research & Development is $39.3 million (2024), against an average of $40.2 million.
  • Across the five-year window, Research & Development tumbled 51.6% in 2025 and rose 13.09% in 2026, its largest moves.
  • Year by year, Research & Development stood at $65.8 million in 2024, then tumbled by 51.6% to $31.8 million in 2025, then soared by 41.44% to $45.0 million in 2026.
  • Per Business Quant, the three latest CAI Research & Development figures stand at $45.0 million (Q1 2026), $31.8 million (Q4 2025), and $21.6 million (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 Caris Life Sciences 4.42 Bn 3.60 Bn 214.23 Mn 45.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 45.04 Mn
Dec 31, 2025 31.85 Mn
Sep 30, 2025 21.62 Mn
Jun 30, 2025 42.26 Mn
Mar 31, 2025 39.83 Mn
Dec 31, 2024 65.80 Mn
Sep 30, 2024 36.76 Mn
Jun 30, 2024 38.71 Mn