GH Research (GHRS) Research & Development (2020 - 2026)
GH Research (GHRS) recorded Research & Development of -$12.4 million in Q2 2026, compared with -$8.96 million a year earlier.
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Analysis
GH Research (GHRS) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, GH Research's Research & Development came in at -$46.73 million as of Jun 30, 2026; for FY2025, it was -$38.77 million.
- Across earlier years, Research & Development came in at -$35.02 million in FY2024, -$29.82 million in FY2023, $20.48 million in FY2022 and -$8.55 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Research & Development in data going back to Q3 2020.
- Per Business Quant, the preceding three quarters came in at -$12.38 million (Q1 2026), -$11.39 million (Q4 2025) and -$10.57 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,132.34 Bn | 1,100.93 Bn | 19.71 Bn | 3.82 Bn |
| 2 | Johnson & Johnson | 615.91 Bn | 534.44 Bn | 17.26 Bn | 3.65 Bn |
| 3 | AbbVie | 505.47 Bn | 478.59 Bn | 12.70 Bn | 2.34 Bn |
| 4 | Merck | 368.25 Bn | 322.63 Bn | 12.21 Bn | 9.74 Bn |
| 5 | Novartis Ag | 298.18 Bn | 262.17 Bn | 11.24 Bn | 2.85 Bn |
| 6 | Astrazeneca | 261.66 Bn | 235.34 Bn | 12.86 Bn | 4.05 Bn |
| 7 | Amgen | 236.22 Bn | 191.62 Bn | 7.24 Bn | 1.87 Bn |
| 8 | Gilead Sciences | 190.68 Bn | 164.87 Bn | 6.22 Bn | 1.76 Bn |
| 9 | Pfizer | 170.14 Bn | 116.79 Bn | 10.94 Bn | 2.81 Bn |
| 10 | GH Research | 1.18 Bn | 56.07 Mn | - | 12.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.40 Mn |
| Mar 31, 2026 | -12.38 Mn |
| Dec 31, 2025 | 11.39 Mn |
| Sep 30, 2025 | 10.57 Mn |
| Jun 30, 2025 | 8.96 Mn |
| Mar 31, 2025 | 7.85 Mn |
| Dec 31, 2024 | 8.21 Mn |
| Sep 30, 2024 | 8.40 Mn |
| Jun 30, 2024 | 9.76 Mn |
| Mar 31, 2024 | 8.66 Mn |
| Dec 31, 2023 | 8.25 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 7.18 Mn |
| Mar 31, 2023 | 7.31 Mn |
| Dec 31, 2022 | 6.91 Mn |
| Sep 30, 2022 | 4.62 Mn |
| Jun 30, 2022 | 4.24 Mn |
| Mar 31, 2022 | -4.71 Mn |
| Dec 31, 2021 | 13.76 Mn |
| Sep 30, 2021 | -2.56 Mn |
API Access
GH Research Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=GHRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GHRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=GHRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();