Fulcrum Therapeutics (FULC) Research & Development (2018 - 2026)
Fulcrum Therapeutics' (FULC) quarterly Research & Development came in at $14.1 million in Q1 2026, up 5.07% year-on-year from $13.4 million in Q1 2025, and down 8.64% on a QoQ basis from $15.4 million in Q4 2025.
Fulcrum Therapeutics (FULC) Research & Development (2018 - 2026) Analysis & Trends
Fulcrum Therapeutics (FULC) has 9 years of Research & Development data on file, last reported at $14.1 million in Q1 2026.
- On a quarterly basis, Research & Development rose 5.07% year-over-year to $14.1 million in Q1 2026; TTM through Mar 2026 was $56.8 million, a 0.41% change from a year earlier, with the FY2025 full-year figure at $56.1 million, down 11.49% from the prior year.
- Research & Development for Q1 2026 stood at $14.1 million, down from $15.4 million in the prior quarter.
- Over the last five years, Research & Development for FULC reached as high as $25.0 million in Q2 2022 and fell as low as $11.7 million in Q4 2024.
- Historically, Research & Development has averaged $16.6 million across 5 years, with a median of $16.7 million in 2023.
- Across the five-year window, Research & Development jumped 43.97% in 2022 and slumped 38.35% in 2024, its largest moves.
- Year by year, Research & Development stood at $18.6 million in 2022, then gained by 2.33% to $19.0 million in 2023, then slumped by 38.35% to $11.7 million in 2024, then jumped by 31.61% to $15.4 million in 2025, then dropped by 8.64% to $14.1 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $14.1 million in Q1 2026, $15.4 million in Q4 2025, and $14.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -443.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 343.97 Mn |
| 10 | Fulcrum Therapeutics | 285.43 Mn | 285.43 Mn | - | 14.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.08 Mn |
| Dec 31, 2025 | 15.42 Mn |
| Sep 30, 2025 | 14.30 Mn |
| Jun 30, 2025 | 12.99 Mn |
| Mar 31, 2025 | 13.40 Mn |
| Dec 31, 2024 | 11.71 Mn |
| Sep 30, 2024 | 14.64 Mn |
| Jun 30, 2024 | 17.26 Mn |
| Mar 31, 2024 | 19.77 Mn |
| Dec 31, 2023 | 19.00 Mn |
| Sep 30, 2023 | 18.24 Mn |
| Jun 30, 2023 | 17.85 Mn |
| Mar 31, 2023 | 16.72 Mn |
| Dec 31, 2022 | 18.57 Mn |
| Sep 30, 2022 | 15.37 Mn |
| Jun 30, 2022 | 25.02 Mn |
| Mar 31, 2022 | 17.83 Mn |
| Dec 31, 2021 | 18.91 Mn |
| Sep 30, 2021 | 17.08 Mn |
| Jun 30, 2021 | 17.38 Mn |