Dyne Therapeutics (DYN) Research & Development (2019 - 2026)
Dyne Therapeutics (DYN) posted quarterly Research & Development of $152.2 million for Q2 2026, up 53.34% year-over-year from $99.2 million in Q2 2025, and up 50.83% quarter-over-quarter from $100.9 million in Q1 2026.
Analysis
Dyne Therapeutics (DYN) Research & Development (2019 - 2026) Analysis & Trends
Dyne Therapeutics (DYN) has reported Research & Development for 8 consecutive years, with $152.2 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 53.34% year-over-year to $152.2 million; the TTM figure through Jun 2026 stood at $445.7 million (up 17.2% YoY), while the FY2025 annual figure was $398.3 million, up 41.55% from the prior year.
- Research & Development improved to $152.2 million in Q2 2026 per DYN's latest filing, from $100.9 million in the prior quarter.
- Across five years, Research & Development topped out at $152.2 million in Q2 2026 and bottomed at $28.2 million in Q1 2022.
- Historically, Research & Development has averaged $71.5 million across 5 years, with a median of $60.7 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development retreated 21.54% — and 2025, when it surged 139.0%.
- Dyne Therapeutics' Research & Development stood at $33.2 million in 2022, then surged by 77.29% to $58.8 million in 2023, then surged by 39.02% to $81.8 million in 2024, then advanced by 16.66% to $95.4 million in 2025, then surged by 59.45% to $152.2 million in 2026.
- Business Quant data shows DYN's Research & Development at $152.2 million in Q2 2026, $100.9 million in Q1 2026, and $95.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.76 Bn | 131.91 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.72 Bn | 77.72 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.56 Bn | 58.38 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 57.87 Bn | 52.73 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.06 Bn | 44.06 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 40.08 Bn | 34.98 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.50 Bn | 32.20 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.54 Bn | 27.70 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.49 Bn | 26.33 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Dyne Therapeutics | 4.04 Bn | 4.04 Bn | - | 152.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 152.17 Mn |
| Mar 31, 2026 | 100.89 Mn |
| Dec 31, 2025 | 95.43 Mn |
| Sep 30, 2025 | 97.22 Mn |
| Jun 30, 2025 | 99.24 Mn |
| Mar 31, 2025 | 106.45 Mn |
| Dec 31, 2024 | 81.81 Mn |
| Sep 30, 2024 | 92.80 Mn |
| Jun 30, 2024 | 62.26 Mn |
| Mar 31, 2024 | 44.54 Mn |
| Dec 31, 2023 | 58.84 Mn |
| Sep 30, 2023 | 55.25 Mn |
| Jun 30, 2023 | 59.13 Mn |
| Mar 31, 2023 | 37.54 Mn |
| Dec 31, 2022 | 33.19 Mn |
| Sep 30, 2022 | 34.67 Mn |
| Jun 30, 2022 | 46.66 Mn |
| Mar 31, 2022 | 28.24 Mn |
| Dec 31, 2021 | 42.30 Mn |
| Sep 30, 2021 | 36.51 Mn |