Foghorn Therapeutics (FHTX) Research & Development (2019 - 2026)
Foghorn Therapeutics (FHTX) recorded quarterly Research & Development of $18.3 million in Q1 2026, down 17.18% quarter-over-quarter from $22.0 million in Q4 2025, and down 15.57% on a YoY basis from $21.6 million in Q1 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.
- In Q1 2026, Research & Development fell 15.57% year-over-year to $18.3 million; the TTM figure through Mar 2026 stood at $82.1 million (down 9.4% YoY), while the FY2025 annual figure was $85.5 million, down 9.59% from the prior year.
- Research & Development was $18.3 million for Q1 2026 at Foghorn Therapeutics, down from $22.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $30.0 million in Q1 2023 to a low of $18.3 million in Q1 2026.
- Historically, Research & Development has averaged $24.3 million across 5 years, with a median of $24.5 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Research & Development surged 39.33% in 2022, then slipped 18.98% in 2025.
- A 5-year view of Research & Development shows it 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.
- The last three Research & Development figures came in at $18.3 million (Q1 2026), $22.0 million (Q4 2025), and $20.0 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 | Foghorn Therapeutics | 282.33 Mn | 193.42 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 |