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
DateValue
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