Caris Life Sciences (CAI) Research & Development (2024 - 2026)
Caris Life Sciences (CAI) posted quarterly Research & Development of $45.0 million for Q1 2026, up 13.09% year-over-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.
- In Q1 2026, Research & Development rose 13.09% year-over-year to $45.0 million; the TTM figure through Mar 2026 stood at $140.8 million (down 22.26% YoY), while the FY2025 annual figure was $101.6 million, down 33.43% from the prior year.
- Research & Development for Q1 2026 stood at $45.0 million, up from $31.8 million in the prior quarter.
- The five-year high for Research & Development was $65.8 million in Q4 2024, with the low 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.
- The sharpest annual moves came in 2025 and 2026: Research & Development slumped 51.6% in 2025, then climbed 13.09% in 2026.
- Caris Life Sciences' Research & Development stood at $65.8 million in 2024, then plunged by 51.6% to $31.8 million in 2025, then surged by 41.44% to $45.0 million in 2026.
- Business Quant data shows CAI's Research & Development at $45.0 million in Q1 2026, $31.8 million in Q4 2025, and $21.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.97 Bn | 131.12 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.15 Bn | 77.15 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 62.84 Bn | 57.65 Bn | 1.37 Bn | 1.37 Bn |
| 4 | Moderna | 55.74 Bn | 50.60 Bn | 52.00 Mn | 651.00 Mn |
| 5 | BeOne Medicines | 41.53 Bn | 36.43 Bn | 1.53 Bn | 612.28 Mn |
| 6 | Alnylam Pharmaceuticals | 31.60 Bn | 28.29 Bn | 992.69 Mn | 413.13 Mn |
| 7 | BioNTech SE | 27.32 Bn | 8.93 Bn | 668.28 Mn | -588.31 Mn |
| 8 | Royalty Pharma | 27.29 Bn | 26.45 Bn | - | 97.90 Mn |
| 9 | Insmed | 26.99 Bn | 25.83 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Caris Life Sciences | 7.42 Bn | 6.63 Bn | 182.38 Mn | 53.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 53.76 Mn |
| 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 |