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
DateValue
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