Fulcrum Therapeutics (FULC) Research & Development (2018 - 2026)
Fulcrum Therapeutics (FULC) reported Research & Development of $14.1 million for Q1 2026, up 5.07% year-over-year from $13.4 million in Q1 2025, and down 8.64% quarter-over-quarter 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.
- Research & Development for Q1 2026 came in at $14.1 million, up 5.07% year-over-year; the trailing twelve-month figure through Mar 2026 was $56.8 million (changed 0.41% YoY), and the FY2025 annual result was $56.1 million, down 11.49% from the prior year.
- Research & Development eased to $14.1 million in Q1 2026 per FULC's latest filing, from $15.4 million in the prior quarter.
- Over five years, Research & Development peaked at $25.0 million in Q2 2022 and troughed at $11.7 million in Q4 2024.
- A 5-year average of $16.6 million and a median of $16.7 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development soared 43.97% in 2022, then plunged 38.35% in 2024.
- A 5-year view of Research & Development shows it stood at $18.6 million in 2022, then grew by 2.33% to $19.0 million in 2023, then sank by 38.35% to $11.7 million in 2024, then jumped by 31.61% to $15.4 million in 2025, then retreated by 8.64% to $14.1 million in 2026.
- Business Quant data shows FULC's Research & Development at $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 | Alterity Therapeutics | 762,369.55 Bn | 762,369.51 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 55,096.00 Bn | 55,096.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,755.80 Bn | 17,755.79 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 3,486.00 Bn | 3,485.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Akari Therapeutics | 1,737.42 Bn | 1,737.41 Bn | - | 1.46 Mn |
| 6 | Evaxion A | 1,551.28 Bn | 1,551.26 Bn | - | -2.30 Mn |
| 7 | Psyence Biomedical | 227.32 Bn | 227.31 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 110.84 Bn | 103.59 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.71 Bn | 91.71 Bn | - | -58.00 Mn |
| 10 | Fulcrum Therapeutics | 267.90 Mn | 267.90 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 |