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
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