Fate Therapeutics (FATE) Research & Development (2012 - 2026)
Fate Therapeutics (FATE) reported Research & Development of $24.7 million for Q1 2026, down 15.21% on a YoY basis from $29.1 million in Q1 2025, and down 2.84% quarter-over-quarter from $25.4 million in Q4 2025.
Fate Therapeutics (FATE) Research & Development (2012 - 2026) Analysis & Trends
Fate Therapeutics has reported Research & Development for 15 years, with the latest figure at $24.7 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 15.21% year-over-year to $24.7 million; the trailing twelve-month figure through Mar 2026 stood at $103.4 million (down 21.67% YoY), and the FY2025 full-year result was $107.8 million, down 20.13% from the prior year.
- Research & Development for Q1 2026 stood at $24.7 million, down from $25.4 million in the prior quarter.
- The five-year high for Research & Development was $87.2 million in Q4 2022, with the low at $24.7 million in Q1 2026.
- Historically, Research & Development has averaged $44.7 million across 5 years, with a median of $34.3 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development jumped 69.31% — and 2023, when it slumped 63.51%.
- Fate Therapeutics' Research & Development stood at $87.2 million in 2022, then sank by 63.51% to $31.8 million in 2023, then advanced by 5.64% to $33.6 million in 2024, then dropped by 24.35% to $25.4 million in 2025, then slipped by 2.84% to $24.7 million in 2026.
- The last three Research & Development figures came in at $24.7 million (Q1 2026), $25.4 million (Q4 2025), and $25.8 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 | Fate Therapeutics | 250.86 Mn | 250.86 Mn | - | 24.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.70 Mn |
| Dec 31, 2025 | 25.43 Mn |
| Sep 30, 2025 | 25.84 Mn |
| Jun 30, 2025 | 27.43 Mn |
| Mar 31, 2025 | 29.14 Mn |
| Dec 31, 2024 | 33.61 Mn |
| Sep 30, 2024 | 34.65 Mn |
| Jun 30, 2024 | 34.60 Mn |
| Mar 31, 2024 | 32.14 Mn |
| Dec 31, 2023 | 31.82 Mn |
| Sep 30, 2023 | 34.28 Mn |
| Jun 30, 2023 | 40.88 Mn |
| Mar 31, 2023 | 65.63 Mn |
| Dec 31, 2022 | 87.19 Mn |
| Sep 30, 2022 | 79.82 Mn |
| Jun 30, 2022 | 81.31 Mn |
| Mar 31, 2022 | 72.14 Mn |
| Dec 31, 2021 | 69.52 Mn |
| Sep 30, 2021 | 53.13 Mn |
| Jun 30, 2021 | 48.02 Mn |