Janux Therapeutics (JANX) Research & Development (2020 - 2026)
Janux Therapeutics (JANX) reported Research & Development of $26.8 million for Q1 2026, up 7.02% year-over-year from $25.1 million in Q1 2025, and down 15.01% quarter-over-quarter from $31.5 million in Q4 2025.
Janux Therapeutics (JANX) Research & Development (2020 - 2026) Analysis & Trends
Janux Therapeutics (JANX) has 7 years of Research & Development data on file, last reported at $26.8 million in Q1 2026.
- Research & Development for Q1 2026 came in at $26.8 million, up 7.02% year-over-year; the trailing twelve-month figure through Mar 2026 was $127.7 million (up 60.83% YoY), and the FY2025 annual result was $125.9 million, up 84.09% from the prior year.
- Research & Development slipped to $26.8 million in Q1 2026 per JANX's latest filing, from $31.5 million in the prior quarter.
- Over five years, Research & Development peaked at $34.7 million in Q2 2025 and troughed at $10.2 million in Q1 2022.
- A 5-year average of $19.4 million and a median of $15.4 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 429.04% in 2022, then declined 20.69% in 2023.
- A 5-year view of Research & Development shows it stood at $15.4 million in 2022, then decreased by 20.69% to $12.2 million in 2023, then jumped by 69.97% to $20.8 million in 2024, then jumped by 51.63% to $31.5 million in 2025, then declined by 15.01% to $26.8 million in 2026.
- Business Quant data shows JANX's Research & Development at $26.8 million in Q1 2026, $31.5 million in Q4 2025, and $34.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | Janux Therapeutics | 892.99 Mn | 892.99 Mn | - | 26.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.81 Mn |
| Dec 31, 2025 | 31.55 Mn |
| Sep 30, 2025 | 34.63 Mn |
| Jun 30, 2025 | 34.66 Mn |
| Mar 31, 2025 | 25.06 Mn |
| Dec 31, 2024 | 20.81 Mn |
| Sep 30, 2024 | 18.61 Mn |
| Jun 30, 2024 | 14.90 Mn |
| Mar 31, 2024 | 14.07 Mn |
| Dec 31, 2023 | 12.24 Mn |
| Sep 30, 2023 | 11.89 Mn |
| Jun 30, 2023 | 14.92 Mn |
| Mar 31, 2023 | 15.87 Mn |
| Dec 31, 2022 | 15.43 Mn |
| Sep 30, 2022 | 13.74 Mn |
| Jun 30, 2022 | 14.09 Mn |
| Mar 31, 2022 | 10.18 Mn |
| Dec 31, 2021 | 11.17 Mn |
| Sep 30, 2021 | 8.41 Mn |
| Jun 30, 2021 | 4.74 Mn |