Immunovant (IMVT) Research & Development (2018 - 2026)

Immunovant (IMVT) reported Research & Development of $142.3 million for Q1 2026, up 51.93% on a YoY basis from $93.7 million in Q1 2025, and up 43.83% quarter-over-quarter from $98.9 million in Q4 2025.

Immunovant (IMVT) Research & Development (2018 - 2026) Analysis & Trends

Immunovant has reported Research & Development for 9 years, with the latest figure at $142.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 51.93% year-over-year to $142.3 million; the trailing twelve-month figure through Mar 2026 stood at $456.7 million (up 26.53% YoY), and the FY2026 full-year result was $456.7 million, up 26.53% from the prior year.
  • Research & Development for Q1 2026 stood at $142.3 million, up from $98.9 million in the prior quarter.
  • The five-year high for Research & Development was $142.3 million in Q1 2026, with the low at $28.4 million in Q2 2022.
  • Historically, Research & Development has averaged $71.9 million across 5 years, with a median of $66.1 million in 2024.
  • Annual changes were most pronounced in 2024 — Research & Development soared 102.82% — and 2025, when it increased 4.66%.
  • Immunovant's Research & Development stood at $42.3 million in 2022, then increased by 14.4% to $48.3 million in 2023, then soared by 95.54% to $94.5 million in 2024, then gained by 4.66% to $98.9 million in 2025, then jumped by 43.83% to $142.3 million in 2026.
  • The last three Research & Development figures came in at $142.3 million (Q1 2026), $98.9 million (Q4 2025), and $114.2 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 Immunovant 5.71 Bn 5.71 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