Kyverna Therapeutics (KYTX) Research & Development (2023 - 2026)
Kyverna Therapeutics (KYTX) posted Research & Development of $30.1 million for Q1 2026, little changed on a QoQ basis from $30.0 million in Q4 2025, and down 19.66% year-over-year from $37.4 million in Q1 2025.
Kyverna Therapeutics (KYTX) Research & Development (2023 - 2026) Analysis & Trends
Kyverna Therapeutics' Research & Development history runs 4 years deep, the most recent figure standing at $30.1 million for Q1 2026.
- Quarterly Research & Development fell 19.66% year-over-year to $30.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $126.4 million (down 0.84% YoY) and the FY2025 annual result came in at $133.7 million, up 18.89% from the prior year.
- Research & Development was $30.1 million for Q1 2026 at Kyverna Therapeutics, roughly flat from $30.0 million in the prior quarter.
- Across five years, Research & Development topped out at $37.4 million in Q1 2025 and bottomed at $8.7 million in Q1 2023.
- A 4-year average of $25.1 million and a median of $29.2 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development surged 162.58% — and 2026, when it retreated 19.66%.
- Kyverna Therapeutics' Research & Development stood at $17.2 million in 2023, then jumped by 95.09% to $33.5 million in 2024, then decreased by 10.36% to $30.0 million in 2025, then rose by 0.2% to $30.1 million in 2026.
- Business Quant data shows KYTX's Research & Development at $30.1 million in Q1 2026, $30.0 million in Q4 2025, and $30.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -443.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 343.97 Mn |
| 10 | Kyverna Therapeutics | 447.52 Mn | 447.52 Mn | - | 30.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.07 Mn |
| Dec 31, 2025 | 30.01 Mn |
| Sep 30, 2025 | 30.46 Mn |
| Jun 30, 2025 | 35.82 Mn |
| Mar 31, 2025 | 37.43 Mn |
| Dec 31, 2024 | 33.48 Mn |
| Sep 30, 2024 | 29.19 Mn |
| Jun 30, 2024 | 27.32 Mn |
| Mar 31, 2024 | 22.48 Mn |
| Dec 31, 2023 | 17.16 Mn |
| Sep 30, 2023 | 13.64 Mn |
| Jun 30, 2023 | 10.41 Mn |
| Mar 31, 2023 | 8.71 Mn |