BeOne Medicines (ONC) Research & Development (2015 - 2026)
BeOne Medicines (ONC) posted quarterly Research & Development of $541.2 million for Q1 2026, up 12.31% year-over-year from $481.9 million in Q1 2025, and down 12.06% quarter-over-quarter from $615.4 million in Q4 2025.
Analysis
BeOne Medicines (ONC) Research & Development (2015 - 2026) Analysis & Trends
BeOne Medicines (ONC) has reported Research & Development for 12 consecutive years, with $541.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 12.31% year-over-year to $541.2 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 11.68% YoY), while the FY2025 annual figure was $2.1 billion, up 9.86% from the prior year.
- Research & Development fell to $541.2 million in Q1 2026 per ONC's latest filing, from $615.4 million in the prior quarter.
- Across five years, Research & Development topped out at $615.4 million in Q4 2025 and bottomed at $378.2 million in Q2 2022.
- Historically, Research & Development has averaged $474.1 million across 5 years, with a median of $460.6 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development jumped 180.18% — and 2025, when it rose 4.61%.
- BeOne Medicines' Research & Development stood at $446.0 million in 2022, then advanced by 10.75% to $494.0 million in 2023, then increased by 9.72% to $542.0 million in 2024, then grew by 13.54% to $615.4 million in 2025, then declined by 12.06% to $541.2 million in 2026.
- Business Quant data shows ONC's Research & Development at $541.2 million in Q1 2026, $615.4 million in Q4 2025, and $523.7 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.87 Bn | 131.01 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.57 Bn | 77.57 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.51 Bn | 58.32 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 58.19 Bn | 53.05 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.07 Bn | 44.07 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 39.99 Bn | 34.89 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.38 Bn | 32.07 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.42 Bn | 27.58 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.41 Bn | 26.25 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Incyte | 25.64 Bn | 21.11 Bn | 1.57 Bn | 516.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 612.28 Mn |
| Mar 31, 2026 | 541.22 Mn |
| Dec 31, 2025 | 615.42 Mn |
| Sep 30, 2025 | 523.66 Mn |
| Jun 30, 2025 | 524.90 Mn |
| Mar 31, 2025 | 481.89 Mn |
| Dec 31, 2024 | 542.01 Mn |
| Sep 30, 2024 | 496.18 Mn |
| Jun 30, 2024 | 454.47 Mn |
| Mar 31, 2024 | 460.64 Mn |
| Dec 31, 2023 | 493.99 Mn |
| Sep 30, 2023 | 453.26 Mn |
| Jun 30, 2023 | 422.76 Mn |
| Mar 31, 2023 | 408.58 Mn |
| Dec 31, 2022 | 446.02 Mn |
| Sep 30, 2022 | 426.36 Mn |
| Jun 30, 2022 | 378.21 Mn |
| Mar 31, 2022 | 389.92 Mn |
| Dec 31, 2021 | 430.49 Mn |
| Sep 30, 2021 | 351.94 Mn |