Immunocore Holdings (IMCR) Research & Development (2021 - 2026)

Immunocore Holdings (IMCR) posted quarterly Research & Development of $61.1 million for Q1 2026, up 8.23% year-on-year from $56.5 million in Q1 2025, and down 22.47% on a QoQ basis from $78.8 million in Q4 2025.

Immunocore Holdings (IMCR) Research & Development (2021 - 2026) Analysis & Trends

Immunocore Holdings (IMCR) has reported Research & Development for 6 consecutive years, with $61.1 million the latest figure, recorded in Q1 2026.

  • Quarterly Research & Development rose 8.23% year-over-year to $61.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $279.5 million (up 26.39% YoY) and the FY2025 annual result came in at $274.9 million, up 23.73% from the prior year.
  • Research & Development slipped to $61.1 million in Q1 2026 per IMCR's latest filing, from $78.8 million in the prior quarter.
  • Over the last five years, Research & Development for IMCR reached as high as $78.8 million in Q4 2025 and fell as low as $25.4 million in Q2 2022.
  • A 5-year average of $50.4 million and a median of $51.9 million in 2024 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2023 — Research & Development surged 57.49% — and 2025, when it retreated 1.72%.
  • Year by year, Research & Development stood at $31.8 million in 2022, then soared by 43.15% to $45.6 million in 2023, then surged by 33.55% to $60.8 million in 2024, then increased by 29.53% to $78.8 million in 2025, then declined by 22.47% to $61.1 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $61.1 million, $78.8 million, and $70.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Immunocore Holdings 1.80 Bn 957.43 Mn 106.24 Mn 61.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 61.11 Mn
Dec 31, 2025 78.82 Mn
Sep 30, 2025 70.57 Mn
Jun 30, 2025 69.01 Mn
Mar 31, 2025 56.47 Mn
Dec 31, 2024 60.85 Mn
Sep 30, 2024 52.77 Mn
Jun 30, 2024 51.07 Mn
Mar 31, 2024 57.46 Mn
Dec 31, 2023 45.57 Mn
Sep 30, 2023 43.25 Mn
Jun 30, 2023 38.16 Mn
Mar 31, 2023 36.57 Mn
Dec 31, 2022 31.83 Mn
Sep 30, 2022 27.46 Mn
Jun 30, 2022 25.38 Mn
Dec 31, 2021 27.06 Mn
Sep 30, 2021 23.16 Mn