Foghorn Therapeutics (FHTX) Research & Development (2019 - 2026)
Foghorn Therapeutics' (FHTX) quarterly Research & Development came in at $18.3 million in Q1 2026, down 15.57% year-on-year from $21.6 million in Q1 2025, and down 17.18% quarter-over-quarter from $22.0 million in Q4 2025.
Foghorn Therapeutics (FHTX) Research & Development (2019 - 2026) Analysis & Trends
Foghorn Therapeutics' Research & Development history runs 8 years deep, the most recent figure standing at $18.3 million for Q1 2026.
- On a quarterly basis, Research & Development fell 15.57% year-over-year to $18.3 million in Q1 2026; TTM through Mar 2026 was $82.1 million, a 9.4% decrease from a year earlier, with the FY2025 full-year figure at $85.5 million, down 9.59% from the prior year.
- Research & Development slipped to $18.3 million in Q1 2026 per FHTX's latest filing, from $22.0 million in the prior quarter.
- Across five years, Research & Development topped out at $30.0 million in Q1 2023 and bottomed at $18.3 million in Q1 2026.
- The 5-year median for Research & Development is $24.5 million (2022), against an average of $24.3 million.
- Across the five-year window, Research & Development jumped 39.33% in 2022 and declined 18.98% in 2025, its largest moves.
- Year by year, Research & Development stood at $28.2 million in 2022, then decreased by 14.19% to $24.2 million in 2023, then slipped by 15.27% to $20.5 million in 2024, then increased by 7.5% to $22.0 million in 2025, then fell by 17.18% to $18.3 million in 2026.
- Per Business Quant, the three latest FHTX Research & Development figures stand at $18.3 million (Q1 2026), $22.0 million (Q4 2025), and $20.0 million (Q3 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 | Foghorn Therapeutics | 352.57 Mn | 263.66 Mn | - | 18.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.26 Mn |
| Dec 31, 2025 | 22.05 Mn |
| Sep 30, 2025 | 20.00 Mn |
| Jun 30, 2025 | 21.79 Mn |
| Mar 31, 2025 | 21.63 Mn |
| Dec 31, 2024 | 20.51 Mn |
| Sep 30, 2024 | 24.69 Mn |
| Jun 30, 2024 | 23.80 Mn |
| Mar 31, 2024 | 25.53 Mn |
| Dec 31, 2023 | 24.21 Mn |
| Sep 30, 2023 | 26.25 Mn |
| Jun 30, 2023 | 29.25 Mn |
| Mar 31, 2023 | 29.99 Mn |
| Dec 31, 2022 | 28.21 Mn |
| Sep 30, 2022 | 26.93 Mn |
| Jun 30, 2022 | 25.97 Mn |
| Mar 31, 2022 | 24.51 Mn |
| Dec 31, 2021 | 22.46 Mn |
| Sep 30, 2021 | 20.49 Mn |
| Jun 30, 2021 | 18.64 Mn |