Immunocore Holdings (IMCR) Research & Development (2023 - 2026)

Immunocore Holdings' (IMCR) quarterly Research & Development came in at $61.1 million in Q1 2026, up 8.23% year-on-year from $56.5 million in Q1 2025, and down 22.47% quarter-over-quarter from $78.8 million in Q4 2025.

Immunocore Holdings (IMCR) Research & Development (2023 - 2026) Analysis & Trends

Immunocore Holdings has disclosed Research & Development across 4 years of filings, most recently posting $61.1 million for Q1 2026.

  • Research & Development for Q1 2026 came in at $61.1 million, up 8.23% year-over-year; the trailing twelve-month figure through Mar 2026 was $279.5 million (up 26.39% YoY), and the FY2025 annual result was $274.9 million, up 23.73% from the prior year.
  • Research & Development came in at $61.1 million for Q1 2026 at Immunocore Holdings, down from $78.8 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $78.8 million in Q4 2025 to a low of $36.6 million in Q1 2023.
  • The 4-year median for Research & Development is $56.5 million (2025), against an average of $55.5 million.
  • Across the five-year window, Research & Development soared 57.11% in 2024 and slipped 1.72% in 2025, its largest moves.
  • Immunocore Holdings' Research & Development stood at $45.6 million in 2023, then soared by 33.55% to $60.8 million in 2024, then rose by 29.53% to $78.8 million in 2025, then fell by 22.47% to $61.1 million in 2026.
  • The last three Research & Development figures came in at $61.1 million (Q1 2026), $78.8 million (Q4 2025), and $70.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Alterity Therapeutics 767,934.24 Bn 767,934.20 Bn - 4.32 Mn
2 Belite Bio 55,234.00 Bn 55,234.00 Bn - 15.66 Mn
3 Quantum Biopharma 17,823.14 Bn 17,823.14 Bn - 626,092.00
4 Legend Biotech 3,624.50 Bn 3,624.21 Bn 242.10 Mn -101.30 Mn
5 Akari Therapeutics 1,745.73 Bn 1,745.73 Bn - 1.46 Mn
6 Evaxion A 1,540.85 Bn 1,540.84 Bn - -2.30 Mn
7 Psyence Biomedical 229.39 Bn 229.38 Bn - 357,444.00
8 Vertex Pharmaceuticals 112.57 Bn 105.33 Bn 2.59 Bn 961.60 Mn
9 Abivax 93.46 Bn 93.46 Bn - -58.00 Mn
10 Immunocore Holdings 1.46 Bn 616.35 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