NovoCure (NVCR) Research & Development (2014 - 2026)
NovoCure (NVCR) reported Research & Development of $51.45 million for Q2 2026, down 7.9% from $55.83 million a year earlier and down 11.8% from the prior quarter.
Powered by 
Analysis
NovoCure (NVCR) Research & Development (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, NovoCure's Research & Development came in at $224.72 million, up 5.6% year-over-year; for FY2025, it was $224.54 million, up 7.1% from FY2024.
- Research & Development has a five-year compound annual growth rate of 11.2% (FY2020 to FY2025).
- By year, Research & Development came in at $209.65 million in FY2024 (-6.0%), $223.06 million in FY2023 (+8.2%), $206.09 million in FY2022 (+2.4%) and $201.3 million in FY2021 (+52.5%).
- The Q2 2026 figure ranks as the lowest quarterly Research & Development since Q4 2024.
- Year over year, Research & Development gained in five of the last eight quarters, with growth averaging 2.6%.
- The high point for year-over-year Research & Development in five years was Q3 2021 (growth of 46.7%); the low point was Q1 2024 (a decline of 13.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $58.34 million (Q1 2026), $60.91 million (Q4 2025) and $54.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 258.00 Mn |
| 10 | NovoCure | 1.86 Bn | -491.82 Mn | 142.48 Mn | 51.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.45 Mn |
| Mar 31, 2026 | 58.34 Mn |
| Dec 31, 2025 | 60.91 Mn |
| Sep 30, 2025 | 54.03 Mn |
| Jun 30, 2025 | 55.83 Mn |
| Mar 31, 2025 | 53.78 Mn |
| Dec 31, 2024 | 51.21 Mn |
| Sep 30, 2024 | 51.88 Mn |
| Jun 30, 2024 | 54.96 Mn |
| Mar 31, 2024 | 51.60 Mn |
| Dec 31, 2023 | 54.31 Mn |
| Sep 30, 2023 | 53.62 Mn |
| Jun 30, 2023 | 55.43 Mn |
| Mar 31, 2023 | 59.70 Mn |
| Dec 31, 2022 | 54.82 Mn |
| Sep 30, 2022 | 51.96 Mn |
| Jun 30, 2022 | 57.08 Mn |
| Mar 31, 2022 | 42.23 Mn |
| Dec 31, 2021 | 56.93 Mn |
| Sep 30, 2021 | 48.14 Mn |
API Access
NovoCure 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=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NVCR", "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=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();