Foghorn Therapeutics (FHTX) Research & Development (2019 - 2026)
Foghorn Therapeutics (FHTX) posted quarterly Research & Development of $18.3 million for Q1 2026, down 15.57% year-over-year from $21.6 million in Q1 2025, and down 17.18% quarter-over-quarter from $22.0 million in Q4 2025.
Analysis
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 for Q1 2026 stood at $18.3 million, down from $22.0 million in the prior quarter.
- The five-year high for Research & Development was $30.0 million in Q1 2023, with the low 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.
- The sharpest annual moves came in 2022 and 2025: Research & Development jumped 39.33% in 2022, then decreased 18.98% in 2025.
- Foghorn Therapeutics' Research & Development stood at $28.2 million in 2022, then retreated by 14.19% to $24.2 million in 2023, then decreased by 15.27% to $20.5 million in 2024, then grew by 7.5% to $22.0 million in 2025, then declined by 17.18% to $18.3 million in 2026.
- Business Quant data shows FHTX's Research & Development at $18.3 million in Q1 2026, $22.0 million in Q4 2025, and $20.0 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Foghorn Therapeutics | 347.75 Mn | 279.67 Mn | - | 18.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.52 Mn |
| 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 |