Immunocore Holdings (IMCR) Research & Development (2021 - 2026)
Immunocore Holdings (IMCR) posted Research & Development of $61.1 million for Q1 2026, down 22.47% sequentially from $78.8 million in Q4 2025, and up 8.23% YoY from $56.5 million in Q1 2025.
Analysis
Immunocore Holdings (IMCR) Research & Development (2021 - 2026) Analysis & Trends
Immunocore Holdings has reported Research & Development for 6 years, with the latest figure at $61.1 million 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 declined to $61.1 million in Q1 2026 per IMCR's latest filing, from $78.8 million in the prior quarter.
- Over five years, Research & Development peaked at $78.8 million in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Research & Development soared 57.49% in 2023, then declined 1.72% in 2025.
- Over 5 years, 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 advanced by 29.53% to $78.8 million in 2025, then decreased 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.51 Bn | 130.66 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.24 Bn | 77.25 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.46 Bn | 58.28 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 57.89 Bn | 52.75 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.02 Bn | 44.02 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 39.95 Bn | 34.85 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.49 Bn | 32.19 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.43 Bn | 27.59 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.39 Bn | 26.22 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Immunocore Holdings | 1.85 Bn | 965.03 Mn | 114.84 Mn | 73.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.95 Mn |
| 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 |