Ionis Pharmaceuticals (IONS) Research & Development (2009 - 2026)
Ionis Pharmaceuticals (IONS) reported Research & Development of $217.11 million for Q2 2026, down 0.2% from $217.46 million a year earlier but up 3.3% from the prior quarter.
Powered by 
Analysis
Ionis Pharmaceuticals (IONS) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ionis Pharmaceuticals' Research & Development came in at $924.68 million, up 4.7% year-over-year; for FY2025, it was $915.62 million, up 1.6% from FY2024.
- Research & Development has increased for 16 consecutive years, with a five-year compound annual growth rate of 11.3% (FY2020 to FY2025).
- By year, Research & Development came in at $901.53 million in FY2024 (+0.2%), $899.63 million in FY2023 (+8.0%), $833.15 million in FY2022 (+29.5%) and $643.45 million in FY2021 (+20.3%).
- Five-year quarterly Research & Development spans a low of $161.13 million in Q1 2022 and a high of $308.27 million in Q4 2022.
- Year over year, Research & Development gained in three of the last eight quarters, with growth averaging 0.9%.
- The high point for year-over-year Research & Development in five years was Q4 2022 (growth of 71.7%); the low point was Q4 2023 (a decline of 16.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $210.17 million (Q1 2026), $279.65 million (Q4 2025) and $217.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -4.05 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 1.87 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 1.76 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.81 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 993.80 Mn |
| 10 | Ionis Pharmaceuticals | 7.55 Bn | -1.34 Bn | 265.21 Mn | 217.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 217.11 Mn |
| Mar 31, 2026 | 210.17 Mn |
| Dec 31, 2025 | 279.65 Mn |
| Sep 30, 2025 | 217.75 Mn |
| Jun 30, 2025 | 217.46 Mn |
| Mar 31, 2025 | 200.76 Mn |
| Dec 31, 2024 | 245.49 Mn |
| Sep 30, 2024 | 219.76 Mn |
| Jun 30, 2024 | 222.06 Mn |
| Mar 31, 2024 | 214.22 Mn |
| Dec 31, 2023 | 256.56 Mn |
| Sep 30, 2023 | 215.33 Mn |
| Jun 30, 2023 | 229.93 Mn |
| Mar 31, 2023 | 197.81 Mn |
| Dec 31, 2022 | 308.27 Mn |
| Sep 30, 2022 | 182.99 Mn |
| Jun 30, 2022 | 180.76 Mn |
| Mar 31, 2022 | 161.13 Mn |
| Dec 31, 2021 | 179.58 Mn |
| Sep 30, 2021 | 184.77 Mn |
API Access
Ionis Pharmaceuticals Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=IONS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "IONS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=IONS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();