Seres Therapeutics (MCRB) Research & Development (2014 - 2026)
Seres Therapeutics (MCRB) recorded Research & Development of $9.14 million in Q2 2026, down 29.4% from $12.94 million a year earlier and down 30.7% from the prior quarter.
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Analysis
Seres Therapeutics (MCRB) Research & Development (2014 - 2026) Analysis & Trends
On a TTM basis, Seres Therapeutics' Research & Development came in at $46.64 million as of Jun 30, 2026, down 13.7% year-over-year; for FY2025, it was $49.06 million, down 24.1% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of -11.5% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $64.6 million in FY2024 (-45.1%), $117.6 million in FY2023 (+7.2%), $109.65 million in FY2022 (-22.7%) and $141.89 million in FY2021 (+56.7%).
- The Q2 2026 figure is the lowest quarterly Research & Development since Q4 2022.
- On a year-over-year basis, Research & Development rose in 1 of the last eight quarters, with an average decline of 23.3%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 67.1% in Q3 2021, against a decline of 66.2% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $13.2 million (Q1 2026), $11.68 million (Q4 2025) and $12.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,135.76 Bn | 1,104.34 Bn | 19.71 Bn | 3.82 Bn |
| 2 | Johnson & Johnson | 619.07 Bn | 537.60 Bn | 17.26 Bn | 3.65 Bn |
| 3 | AbbVie | 503.11 Bn | 476.22 Bn | 12.70 Bn | 2.34 Bn |
| 4 | Merck | 370.23 Bn | 324.61 Bn | 12.21 Bn | 9.74 Bn |
| 5 | Novartis Ag | 298.76 Bn | 262.75 Bn | 11.24 Bn | 2.85 Bn |
| 6 | Astrazeneca | 261.14 Bn | 234.83 Bn | 12.86 Bn | 4.05 Bn |
| 7 | Amgen | 237.54 Bn | 192.94 Bn | 7.24 Bn | 1.87 Bn |
| 8 | Gilead Sciences | 191.65 Bn | 165.84 Bn | 6.22 Bn | 1.76 Bn |
| 9 | Pfizer | 170.26 Bn | 116.90 Bn | 10.94 Bn | 2.81 Bn |
| 10 | Seres Therapeutics | 22.32 Mn | -116.51 Mn | - | 9.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.14 Mn |
| Mar 31, 2026 | 13.20 Mn |
| Dec 31, 2025 | 11.68 Mn |
| Sep 30, 2025 | 12.62 Mn |
| Jun 30, 2025 | 12.94 Mn |
| Mar 31, 2025 | 11.82 Mn |
| Dec 31, 2024 | 12.84 Mn |
| Sep 30, 2024 | 16.46 Mn |
| Jun 30, 2024 | 15.81 Mn |
| Mar 31, 2024 | 19.49 Mn |
| Dec 31, 2023 | 23.04 Mn |
| Sep 30, 2023 | 25.15 Mn |
| Jun 30, 2023 | 46.79 Mn |
| Mar 31, 2023 | 43.97 Mn |
| Dec 31, 2022 | -17.05 Mn |
| Sep 30, 2022 | 43.12 Mn |
| Jun 30, 2022 | 43.94 Mn |
| Mar 31, 2022 | 39.65 Mn |
| Dec 31, 2021 | 36.75 Mn |
| Sep 30, 2021 | 39.88 Mn |
API Access
Seres Therapeutics Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MCRB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MCRB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MCRB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();