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
DateValue
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