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| 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 |