Maxcyte (MXCT) Research & Development (2020 - 2026)
Maxcyte (MXCT) reported Research & Development of $4.25 million for Q2 2026, down 32.2% from $6.27 million a year earlier but up 10.3% from the prior quarter.
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Analysis
Maxcyte (MXCT) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Maxcyte's Research & Development came in at $16.76 million, down 24.2% year-over-year; for FY2025, it was $20.82 million, down 6.3% from FY2024.
- Research & Development has a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- By year, Research & Development came in at $22.23 million in FY2024 (-6.7%), $23.82 million in FY2023 (+22.1%), $19.51 million in FY2022 (+26.7%) and $15.41 million in FY2021 (-13.1%).
- Five-year quarterly Research & Development spans a low of $2.75 million in Q3 2021 and a high of $6.68 million in Q1 2024.
- Year over year, Research & Development has now declined in each of the last three quarters, with an average decline of 16.3% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2022 (growth of 93.9%); the low point was Q3 2021 (a decline of 39.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.86 million (Q1 2026), $3.34 million (Q4 2025) and $5.32 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Maxcyte | 123.12 Mn | 123.12 Mn | 5.60 Mn | 4.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.25 Mn |
| Mar 31, 2026 | 3.86 Mn |
| Dec 31, 2025 | 3.34 Mn |
| Sep 30, 2025 | 5.32 Mn |
| Jun 30, 2025 | 6.27 Mn |
| Mar 31, 2025 | 5.90 Mn |
| Dec 31, 2024 | 4.61 Mn |
| Sep 30, 2024 | 5.32 Mn |
| Jun 30, 2024 | 5.62 Mn |
| Mar 31, 2024 | 6.68 Mn |
| Dec 31, 2023 | 5.84 Mn |
| Sep 30, 2023 | 6.26 Mn |
| Jun 30, 2023 | 5.66 Mn |
| Mar 31, 2023 | 6.05 Mn |
| Dec 31, 2022 | 5.73 Mn |
| Sep 30, 2022 | 5.33 Mn |
| Jun 30, 2022 | 4.70 Mn |
| Mar 31, 2022 | 3.77 Mn |
| Dec 31, 2021 | 3.38 Mn |
| Sep 30, 2021 | 2.75 Mn |
API Access
Maxcyte 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=MXCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MXCT", "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=MXCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();