Immuneering (IMRX) Research & Development (2020 - 2026)
Immuneering (IMRX) recorded quarterly Research & Development of $10.6 million in Q1 2026, up 15.03% quarter-over-quarter from $9.3 million in Q4 2025, and down 7.2% on a YoY basis from $11.5 million in Q1 2025.
Immuneering (IMRX) Research & Development (2020 - 2026) Analysis & Trends
Immuneering's Research & Development history runs 7 years deep, the most recent figure standing at $10.6 million for Q1 2026.
- In Q1 2026, Research & Development fell 7.2% year-over-year to $10.6 million; the TTM figure through Mar 2026 stood at $41.2 million (down 14.54% YoY), while the FY2025 annual figure was $42.0 million, down 12.33% from the prior year.
- Research & Development was $10.6 million for Q1 2026 at Immuneering, up from $9.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $14.9 million in Q4 2024 to a low of $8.0 million in Q2 2022.
- Historically, Research & Development has averaged $10.5 million across 5 years, with a median of $10.5 million in 2025.
- The sharpest annual moves came in 2022 and 2025: Research & Development surged 68.03% in 2022, then tumbled 37.71% in 2025.
- A 5-year view of Research & Development shows it stood at $9.9 million in 2022, then rose by 20.65% to $11.9 million in 2023, then gained by 24.74% to $14.9 million in 2024, then sank by 37.71% to $9.3 million in 2025, then grew by 15.03% to $10.6 million in 2026.
- The last three Research & Development figures came in at $10.6 million (Q1 2026), $9.3 million (Q4 2025), and $10.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 762,369.55 Bn | 762,369.51 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 55,096.00 Bn | 55,096.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,755.80 Bn | 17,755.79 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 3,486.00 Bn | 3,485.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Akari Therapeutics | 1,737.42 Bn | 1,737.41 Bn | - | 1.46 Mn |
| 6 | Evaxion A | 1,551.28 Bn | 1,551.26 Bn | - | -2.30 Mn |
| 7 | Psyence Biomedical | 227.32 Bn | 227.31 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 110.84 Bn | 103.59 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.71 Bn | 91.71 Bn | - | -58.00 Mn |
| 10 | Immuneering | 255.40 Mn | 255.40 Mn | - | 10.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.65 Mn |
| Dec 31, 2025 | 9.25 Mn |
| Sep 30, 2025 | 10.87 Mn |
| Jun 30, 2025 | 10.45 Mn |
| Mar 31, 2025 | 11.47 Mn |
| Dec 31, 2024 | 14.86 Mn |
| Sep 30, 2024 | 11.25 Mn |
| Jun 30, 2024 | 10.65 Mn |
| Mar 31, 2024 | 11.20 Mn |
| Dec 31, 2023 | 11.91 Mn |
| Sep 30, 2023 | 10.05 Mn |
| Jun 30, 2023 | 9.45 Mn |
| Mar 31, 2023 | 10.21 Mn |
| Dec 31, 2022 | 9.87 Mn |
| Sep 30, 2022 | 9.36 Mn |
| Jun 30, 2022 | 7.98 Mn |
| Mar 31, 2022 | 9.06 Mn |
| Dec 31, 2021 | 7.95 Mn |
| Sep 30, 2021 | 6.21 Mn |
| Jun 30, 2021 | 6.99 Mn |