Exelixis (EXEL) Research & Development (2010 - 2026)

Exelixis' (EXEL) quarterly Research & Development came in at $199.9 million in Q2 2026, down 5.8% year-on-year from $212.2 million in Q2 2025, and down 6.25% quarter-over-quarter from $213.2 million in Q1 2026.

Exelixis (EXEL) Research & Development (2010 - 2026) Analysis & Trends

Exelixis' Research & Development history runs 17 years deep, the most recent figure standing at $199.9 million for Q2 2026.

  • On a quarterly basis, Research & Development fell 5.8% year-over-year to $199.9 million in Q2 2026; TTM through Apr 2026 was $812.7 million, a 9.19% decrease from a year earlier, with the FY2026 full-year figure at $825.0 million, down 9.38% from the prior year.
  • Research & Development slipped to $199.9 million in Q2 2026 per EXEL's latest filing, from $213.2 million in the prior quarter.
  • Across five years, Research & Development topped out at $336.8 million in Q4 2022 and bottomed at $156.7 million in Q2 2022.
  • The 5-year median for Research & Development is $213.2 million (2026), against an average of $227.7 million.
  • Across the five-year window, Research & Development jumped 512.41% in 2022 and tumbled 33.08% in 2024, its largest moves.
  • Year by year, Research & Development stood at $336.8 million in 2022, then fell by 27.36% to $244.7 million in 2023, then fell by 9.03% to $222.6 million in 2024, then retreated by 10.52% to $199.2 million in 2025, then increased by 0.38% to $199.9 million in 2026.
  • Per Business Quant, the three latest EXEL Research & Development figures stand at $199.9 million (Q2 2026), $213.2 million (Q1 2026), and $199.2 million (Q4 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 Exelixis 14.38 Bn 13.60 Bn 590.86 Mn 199.92 Mn

Historic Data

Download Data
DateValue
Apr 3, 2026 199.92 Mn
Jan 2, 2026 213.25 Mn
Oct 3, 2025 199.16 Mn
Jul 4, 2025 200.36 Mn
Apr 4, 2025 212.23 Mn
Jan 3, 2025 249.00 Mn
Sep 27, 2024 222.57 Mn
Jun 28, 2024 211.15 Mn
Mar 29, 2024 227.69 Mn
Dec 29, 2023 244.67 Mn
Sep 29, 2023 332.59 Mn
Jun 30, 2023 232.57 Mn
Mar 31, 2023 234.25 Mn
Dec 30, 2022 336.82 Mn
Sep 30, 2022 198.84 Mn
Jul 1, 2022 199.48 Mn
Apr 1, 2022 156.67 Mn
Dec 31, 2021 55.00 Mn
Oct 1, 2021 163.37 Mn
Jul 2, 2021 148.79 Mn