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
DateValue
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