Metagenomi Therapeutics (MGX) Research & Development (2023 - 2026)
Metagenomi Therapeutics' (MGX) quarterly Research & Development came in at $22.5 million in Q2 2026, little changed year-over-year from $22.5 million in Q2 2025, and up 16.64% quarter-over-quarter from $19.3 million in Q1 2026.
Analysis
Metagenomi Therapeutics (MGX) Research & Development (2023 - 2026) Analysis & Trends
Metagenomi Therapeutics (MGX) has reported Research & Development for 4 consecutive years, with $22.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development changed 0.02% year-over-year to $22.5 million in Q2 2026; TTM through Jun 2026 was $88.6 million, a 8.73% decrease from a year earlier, with the FY2025 full-year figure at $94.4 million, down 13.51% from the prior year.
- Research & Development was $22.5 million for Q2 2026 at Metagenomi Therapeutics, up from $19.3 million in the prior quarter.
- Over five years, Research & Development peaked at $31.4 million in Q1 2024 and troughed at $19.3 million in Q1 2026.
- A 4-year average of $24.3 million and a median of $24.0 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 56.18% in 2024 and fell 23.24% in 2026, its largest moves.
- Over 4 years, Research & Development stood at $24.8 million in 2023, then declined by 6.43% to $23.2 million in 2024, then declined by 7.18% to $21.5 million in 2025, then advanced by 4.7% to $22.5 million in 2026.
- The last three Research & Development figures came in at $22.5 million (Q2 2026), $19.3 million (Q1 2026), and $21.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Krystal Biotech | 10.60 Bn | 9.76 Bn | 112.79 Mn | 14.52 Mn |
| 2 | CRISPR Therapeutics AG | 5.39 Bn | 5.39 Bn | - | 67.15 Mn |
| 3 | Iovance Biotherapeutics | 3.98 Bn | 3.68 Bn | 55.72 Mn | 58.85 Mn |
| 4 | Legend Biotech | 3.97 Bn | 3.00 Bn | 251.50 Mn | -96.00 Mn |
| 5 | uniQure | 3.09 Bn | 3.09 Bn | 5.49 Mn | 33.96 Mn |
| 6 | Beam Therapeutics | 3.06 Bn | 3.06 Bn | - | 95.10 Mn |
| 7 | Precigen | 2.54 Bn | 2.54 Bn | 52.17 Mn | 7.28 Mn |
| 8 | Sarepta Therapeutics | 2.38 Bn | 1.58 Bn | 251.87 Mn | 91.26 Mn |
| 9 | Vericel | 2.06 Bn | 1.89 Bn | 56.40 Mn | 7.49 Mn |
| 10 | Metagenomi Therapeutics | 44.20 Mn | 44.20 Mn | - | 22.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.51 Mn |
| Mar 31, 2026 | 19.30 Mn |
| Dec 31, 2025 | 21.50 Mn |
| Sep 30, 2025 | 25.28 Mn |
| Jun 30, 2025 | 22.51 Mn |
| Mar 31, 2025 | 25.14 Mn |
| Dec 31, 2024 | 23.16 Mn |
| Sep 30, 2024 | 26.26 Mn |
| Jun 30, 2024 | 28.32 Mn |
| Mar 31, 2024 | 31.44 Mn |
| Dec 31, 2023 | 24.76 Mn |
| Sep 30, 2023 | 26.84 Mn |
| Jun 30, 2023 | 22.68 Mn |
| Mar 31, 2023 | 20.13 Mn |