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
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