Humacyte (HUMA) Research & Development (2020 - 2026)
Humacyte's (HUMA) quarterly Research & Development came in at $18.1 million in Q2 2026, down 17.55% year-over-year from $22.0 million in Q2 2025, and down 6.77% quarter-over-quarter from $19.5 million in Q1 2026.
Analysis
Humacyte (HUMA) Research & Development (2020 - 2026) Analysis & Trends
Humacyte (HUMA) has reported Research & Development for 7 consecutive years, with $18.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 17.55% year-over-year to $18.1 million in Q2 2026; TTM through Jun 2026 was $69.5 million, a 14.22% decrease from a year earlier, with the FY2025 full-year figure at $69.3 million, down 21.78% from the prior year.
- Research & Development was $18.1 million for Q2 2026 at Humacyte, down from $19.5 million in the prior quarter.
- Over five years, Research & Development peaked at $23.8 million in Q2 2024 and troughed at $14.6 million in Q4 2025.
- A 5-year average of $18.6 million and a median of $18.3 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 40.19% in 2023 and slipped 29.29% in 2025, its largest moves.
- Over 5 years, Research & Development stood at $15.0 million in 2022, then jumped by 34.92% to $20.2 million in 2023, then grew by 2.36% to $20.7 million in 2024, then fell by 29.29% to $14.6 million in 2025, then rose by 24.23% to $18.1 million in 2026.
- The last three Research & Development figures came in at $18.1 million (Q2 2026), $19.5 million (Q1 2026), and $14.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Krystal Biotech | 10.22 Bn | 9.38 Bn | 112.79 Mn | 14.52 Mn |
| 2 | CRISPR Therapeutics AG | 5.03 Bn | 5.03 Bn | - | 67.15 Mn |
| 3 | Iovance Biotherapeutics | 3.65 Bn | 3.35 Bn | 55.72 Mn | 58.85 Mn |
| 4 | Legend Biotech | 3.54 Bn | 2.57 Bn | 251.50 Mn | -96.00 Mn |
| 5 | uniQure | 2.99 Bn | 2.99 Bn | 5.49 Mn | 33.96 Mn |
| 6 | Beam Therapeutics | 2.52 Bn | 2.52 Bn | - | 95.10 Mn |
| 7 | Precigen | 2.39 Bn | 2.39 Bn | 52.17 Mn | 7.28 Mn |
| 8 | Sarepta Therapeutics | 2.14 Bn | 1.35 Bn | 251.87 Mn | 91.26 Mn |
| 9 | Vericel | 1.93 Bn | 1.77 Bn | 56.40 Mn | 7.49 Mn |
| 10 | Humacyte | 134.44 Mn | 134.44 Mn | -825,000.00 | 18.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.14 Mn |
| Mar 31, 2026 | 19.46 Mn |
| Dec 31, 2025 | 14.61 Mn |
| Sep 30, 2025 | 17.27 Mn |
| Jun 30, 2025 | 22.01 Mn |
| Mar 31, 2025 | 15.42 Mn |
| Dec 31, 2024 | 20.66 Mn |
| Sep 30, 2024 | 22.93 Mn |
| Jun 30, 2024 | 23.75 Mn |
| Mar 31, 2024 | 21.26 Mn |
| Dec 31, 2023 | 20.18 Mn |
| Sep 30, 2023 | 18.55 Mn |
| Jun 30, 2023 | 20.54 Mn |
| Mar 31, 2023 | 17.28 Mn |
| Dec 31, 2022 | 14.96 Mn |
| Sep 30, 2022 | 17.34 Mn |
| Jun 30, 2022 | 14.65 Mn |
| Mar 31, 2022 | 16.31 Mn |
| Dec 31, 2021 | 16.25 Mn |
| Sep 30, 2021 | 15.39 Mn |