Immunovant (IMVT) Research & Development (2018 - 2026)
Immunovant (IMVT) posted Research & Development of $142.3 million for Q1 2026, up 43.83% on a QoQ basis from $98.9 million in Q4 2025, and up 51.93% year-over-year from $93.7 million in Q1 2025.
Immunovant (IMVT) Research & Development (2018 - 2026) Analysis & Trends
Immunovant's Research & Development history runs 9 years deep, the most recent figure standing at $142.3 million for Q1 2026.
- Quarterly Research & Development rose 51.93% year-over-year to $142.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $456.7 million (up 26.53% YoY) and the FY2026 annual result came in at $456.7 million, up 26.53% from the prior year.
- Research & Development was $142.3 million for Q1 2026 at Immunovant, up from $98.9 million in the prior quarter.
- Across five years, Research & Development topped out at $142.3 million in Q1 2026 and bottomed at $28.4 million in Q2 2022.
- A 5-year average of $71.9 million and a median of $66.1 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development soared 102.82% — and 2025, when it advanced 4.66%.
- Immunovant's Research & Development stood at $42.3 million in 2022, then gained by 14.4% to $48.3 million in 2023, then surged by 95.54% to $94.5 million in 2024, then climbed by 4.66% to $98.9 million in 2025, then soared by 43.83% to $142.3 million in 2026.
- Business Quant data shows IMVT's Research & Development at $142.3 million in Q1 2026, $98.9 million in Q4 2025, and $114.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 541.22 Mn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -2.31 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 1.37 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 343.97 Mn |
| 10 | Immunovant | 7.18 Bn | 7.18 Bn | - | 142.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 142.29 Mn |
| Dec 31, 2025 | 98.92 Mn |
| Sep 30, 2025 | 114.25 Mn |
| Jun 30, 2025 | 101.20 Mn |
| Mar 31, 2025 | 93.65 Mn |
| Dec 31, 2024 | 94.52 Mn |
| Sep 30, 2024 | 97.27 Mn |
| Jun 30, 2024 | 75.47 Mn |
| Mar 31, 2024 | 66.06 Mn |
| Dec 31, 2023 | 48.34 Mn |
| Sep 30, 2023 | 47.96 Mn |
| Jun 30, 2023 | 50.58 Mn |
| Mar 31, 2023 | 51.84 Mn |
| Dec 31, 2022 | 42.25 Mn |
| Sep 30, 2022 | 37.74 Mn |
| Jun 30, 2022 | 28.43 Mn |
| Mar 31, 2022 | 31.99 Mn |
| Dec 31, 2021 | 29.76 Mn |
| Sep 30, 2021 | 21.36 Mn |
| Jun 30, 2021 | 18.71 Mn |