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
DateValue
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