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
DateValue
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