Ironwood Pharmaceuticals (IRWD) Research & Development (2010 - 2026)
Ironwood Pharmaceuticals' (IRWD) quarterly Research & Development came in at $21.9 million in Q1 2026, down 20.02% year-on-year from $27.4 million in Q1 2025, and little changed quarter-over-quarter from $21.9 million in Q4 2025.
Ironwood Pharmaceuticals (IRWD) Research & Development (2010 - 2026) Analysis & Trends
Ironwood Pharmaceuticals has disclosed Research & Development across 17 years of filings, most recently posting $21.9 million for Q1 2026.
- Research & Development for Q1 2026 came in at $21.9 million, down 20.02% year-over-year; the trailing twelve-month figure through Mar 2026 was $89.6 million (down 20.7% YoY), and the FY2025 annual result was $95.1 million, down 14.62% from the prior year.
- Research & Development came in at $21.9 million for Q1 2026 at Ironwood Pharmaceuticals, roughly flat from $21.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $35.7 million in Q4 2023 to a low of $6.0 million in Q2 2023.
- The 5-year median for Research & Development is $22.5 million (2025), against an average of $21.2 million.
- Across the five-year window, Research & Development plunged 67.2% in 2022 and soared 406.47% in 2024, its largest moves.
- Ironwood Pharmaceuticals' Research & Development stood at $10.4 million in 2022, then jumped by 241.53% to $35.7 million in 2023, then decreased by 28.83% to $25.4 million in 2024, then decreased by 13.89% to $21.9 million in 2025, then increased by 0.35% to $21.9 million in 2026.
- The last three Research & Development figures came in at $21.9 million (Q1 2026), $21.9 million (Q4 2025), and $22.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 222.00 Mn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 180.00 Mn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 138.20 Mn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 934,363.43 |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 296.20 Mn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 97.00 Mn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | 103.35 Mn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | 46.94 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 39.38 Mn |
| 10 | Ironwood Pharmaceuticals | 526.31 Mn | 305.84 Mn | - | 21.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.94 Mn |
| Dec 31, 2025 | 21.86 Mn |
| Sep 30, 2025 | 22.47 Mn |
| Jun 30, 2025 | 23.37 Mn |
| Mar 31, 2025 | 27.43 Mn |
| Dec 31, 2024 | 25.39 Mn |
| Sep 30, 2024 | 29.83 Mn |
| Jun 30, 2024 | 30.39 Mn |
| Mar 31, 2024 | 25.82 Mn |
| Dec 31, 2023 | 35.68 Mn |
| Sep 30, 2023 | 32.99 Mn |
| Jun 30, 2023 | 6.00 Mn |
| Mar 31, 2023 | 12.85 Mn |
| Dec 31, 2022 | 10.45 Mn |
| Sep 30, 2022 | 11.55 Mn |
| Jun 30, 2022 | 11.45 Mn |
| Mar 31, 2022 | 10.82 Mn |
| Dec 31, 2021 | 31.85 Mn |
| Sep 30, 2021 | 10.91 Mn |
| Jun 30, 2021 | 12.16 Mn |