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
DateValue
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