Immunocore Holdings IMCR
NASDAQ IMCR
$36.24 -1.33 (-3.53%)
As of: Sep 4, 2026 · 3:16 PM EDT

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

Historic Data

Download Data
DateValue
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