Keros Therapeutics (KROS) Research & Development (2019 - 2026)
Keros Therapeutics' (KROS) quarterly Research & Development came in at $22.3 million in Q2 2026, down 48.67% on a YoY basis from $43.5 million in Q2 2025, and up 24.67% quarter-over-quarter from $17.9 million in Q4 2025.
Analysis
Keros Therapeutics (KROS) Research & Development (2019 - 2026) Analysis & Trends
Keros Therapeutics (KROS) has reported Research & Development for 8 consecutive years, with $22.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 48.67% year-over-year to $22.3 million; the trailing twelve-month figure through Jun 2026 stood at $103.3 million (down 44.8% YoY), and the FY2025 full-year result was $129.6 million, down 25.33% from the prior year.
- Research & Development climbed to $22.3 million in Q2 2026 per KROS's latest filing, from $17.9 million in the prior quarter.
- Across five years, Research & Development topped out at $49.2 million in Q3 2024 and bottomed at $17.9 million in Q4 2025.
- Historically, Research & Development has averaged $32.2 million across 5 years, with a median of $32.5 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Research & Development soared 133.21% in 2022, then plunged 60.75% in 2025.
- Over 5 years, Research & Development stood at $24.9 million in 2022, then soared by 50.77% to $37.5 million in 2023, then rose by 21.71% to $45.6 million in 2024, then slumped by 60.75% to $17.9 million in 2025, then increased by 24.67% to $22.3 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $22.3 million, $17.9 million, and $19.5 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.38 Bn | 192.39 Bn | 7.24 Bn | 1.87 Bn |
| 2 | Gilead Sciences | 180.22 Bn | 177.04 Bn | 6.22 Bn | 1.76 Bn |
| 3 | Vertex Pharmaceuticals | 131.28 Bn | 123.42 Bn | 2.84 Bn | 993.80 Mn |
| 4 | Regeneron Pharmaceuticals | 81.96 Bn | 73.97 Bn | 3.93 Bn | 1.63 Bn |
| 5 | Argenx Se | 60.49 Bn | 55.30 Bn | 1.37 Bn | -486.00 Mn |
| 6 | Moderna | 53.90 Bn | 48.76 Bn | 52.00 Mn | 651.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.41 Bn | 30.11 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Biogen | 31.84 Bn | 30.56 Bn | 1.96 Bn | 529.60 Mn |
| 9 | Roivant Sciences | 29.08 Bn | 29.08 Bn | 1.16 Mn | 202.02 Mn |
| 10 | Keros Therapeutics | 219.78 Mn | -37.82 Mn | - | 22.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.33 Mn |
| Dec 31, 2025 | 17.91 Mn |
| Sep 30, 2025 | 19.52 Mn |
| Jun 30, 2025 | 43.50 Mn |
| Mar 31, 2025 | 48.71 Mn |
| Dec 31, 2024 | 45.63 Mn |
| Sep 30, 2024 | 49.23 Mn |
| Jun 30, 2024 | 40.52 Mn |
| Mar 31, 2024 | 38.26 Mn |
| Dec 31, 2023 | 37.49 Mn |
| Sep 30, 2023 | 34.14 Mn |
| Jun 30, 2023 | 32.53 Mn |
| Mar 31, 2023 | 31.09 Mn |
| Dec 31, 2022 | 24.87 Mn |
| Sep 30, 2022 | 21.04 Mn |
| Jun 30, 2022 | 23.28 Mn |
| Mar 31, 2022 | 18.08 Mn |
| Dec 31, 2021 | 18.83 Mn |
| Sep 30, 2021 | 14.83 Mn |
| Jun 30, 2021 | 9.98 Mn |