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| Date | Value |
|---|---|
| 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 |