Fate Therapeutics (FATE) Research & Development (2012 - 2026)
Fate Therapeutics (FATE) posted Research & Development of $24.7 million for Q1 2026, down 2.84% on a QoQ basis from $25.4 million in Q4 2025, and down 15.21% year-over-year from $29.1 million in Q1 2025.
Fate Therapeutics (FATE) Research & Development (2012 - 2026) Analysis & Trends
Fate Therapeutics' Research & Development history runs 15 years deep, the most recent figure standing at $24.7 million for Q1 2026.
- Quarterly Research & Development fell 15.21% year-over-year to $24.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $103.4 million (down 21.67% YoY) and the FY2025 annual result came in at $107.8 million, down 20.13% from the prior year.
- Research & Development was $24.7 million for Q1 2026 at Fate Therapeutics, down from $25.4 million in the prior quarter.
- Across five years, Research & Development topped out at $87.2 million in Q4 2022 and bottomed at $24.7 million in Q1 2026.
- A 5-year average of $44.7 million and a median of $34.3 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development jumped 69.31% — and 2023, when it sank 63.51%.
- Fate Therapeutics' Research & Development stood at $87.2 million in 2022, then tumbled by 63.51% to $31.8 million in 2023, then grew by 5.64% to $33.6 million in 2024, then fell by 24.35% to $25.4 million in 2025, then declined by 2.84% to $24.7 million in 2026.
- Business Quant data shows FATE's Research & Development at $24.7 million in Q1 2026, $25.4 million in Q4 2025, and $25.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -443.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 343.97 Mn |
| 10 | Fate Therapeutics | 288.82 Mn | 288.82 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 |