Maxcyte (MXCT) Research & Development (2020 - 2026)
Maxcyte's (MXCT) quarterly Research & Development came in at $4.3 million in Q2 2026, down 32.16% year-over-year from $6.3 million in Q2 2025, and up 10.27% quarter-over-quarter from $3.9 million in Q1 2026.
Analysis
Maxcyte (MXCT) Research & Development (2020 - 2026) Analysis & Trends
Maxcyte (MXCT) has reported Research & Development for 7 consecutive years, with $4.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 32.16% year-over-year to $4.3 million in Q2 2026; TTM through Jun 2026 was $16.8 million, a 32.56% decrease from a year earlier, with the FY2025 full-year figure at $20.8 million, down 21.9% from the prior year.
- Research & Development was $4.3 million for Q2 2026 at Maxcyte, up from $3.9 million in the prior quarter.
- Over five years, Research & Development peaked at $7.4 million in Q1 2024 and troughed at $3.3 million in Q4 2025.
- A 5-year average of $5.7 million and a median of $6.1 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 69.45% in 2022 and slumped 48.48% in 2025, its largest moves.
- Over 5 years, Research & Development stood at $5.7 million in 2022, then increased by 25.65% to $7.2 million in 2023, then retreated by 10.06% to $6.5 million in 2024, then plunged by 48.48% to $3.3 million in 2025, then climbed by 27.53% to $4.3 million in 2026.
- The last three Research & Development figures came in at $4.3 million (Q2 2026), $3.9 million (Q1 2026), and $3.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 225.12 Bn | 221.06 Bn | 8.34 Bn | 364.00 Mn |
| 2 | Danaher | 144.34 Bn | 139.99 Bn | 3.61 Bn | 412.00 Mn |
| 3 | Agilent Technologies | 41.01 Bn | 39.25 Bn | 1.04 Bn | 123.00 Mn |
| 4 | Illumina | 31.14 Bn | 29.97 Bn | 770.00 Mn | 252.00 Mn |
| 5 | Revvity | 13.89 Bn | 12.86 Bn | 416.87 Mn | 48.97 Mn |
| 6 | Bio-Techne | 11.27 Bn | 11.00 Bn | 211.39 Mn | 23.95 Mn |
| 7 | Bio-Rad Laboratories | 10.13 Bn | 8.51 Bn | 345.80 Mn | 61.20 Mn |
| 8 | Repligen | 9.34 Bn | 8.33 Bn | 110.04 Mn | 14.42 Mn |
| 9 | 10x Genomics | 8.67 Bn | 8.12 Bn | 112.50 Mn | 56.79 Mn |
| 10 | Maxcyte | 132.99 Mn | 132.99 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 | 6.47 Mn |
| Sep 30, 2024 | 6.21 Mn |
| Jun 30, 2024 | 6.62 Mn |
| Mar 31, 2024 | 7.37 Mn |
| Dec 31, 2023 | 7.20 Mn |
| Sep 30, 2023 | 7.05 Mn |
| Jun 30, 2023 | 6.44 Mn |
| Mar 31, 2023 | 6.30 Mn |
| Dec 31, 2022 | 5.73 Mn |
| Sep 30, 2022 | 5.33 Mn |
| Jun 30, 2022 | 4.93 Mn |
| Mar 31, 2022 | 3.84 Mn |
| Dec 31, 2021 | 3.38 Mn |
| Sep 30, 2021 | 3.21 Mn |