Vaxcyte (PCVX) Research & Development (2019 - 2026)

Vaxcyte's (PCVX) quarterly Research & Development came in at $312.8 million in Q1 2026, up 111.15% year-on-year from $148.1 million in Q1 2025, and up 29.22% on a QoQ basis from $242.1 million in Q4 2025.

Vaxcyte (PCVX) Research & Development (2019 - 2026) Analysis & Trends

Vaxcyte (PCVX) has 8 years of Research & Development data on file, last reported at $312.8 million in Q1 2026.

  • On a quarterly basis, Research & Development rose 111.15% year-over-year to $312.8 million in Q1 2026; TTM through Mar 2026 was $959.0 million, a 80.87% increase from a year earlier, with the FY2025 full-year figure at $794.3 million, up 66.65% from the prior year.
  • Research & Development for Q1 2026 stood at $312.8 million, up from $242.1 million in the prior quarter.
  • Over the last five years, Research & Development for PCVX reached as high as $312.8 million in Q1 2026 and fell as low as $31.7 million in Q1 2022.
  • Historically, Research & Development has averaged $122.7 million across 5 years, with a median of $104.2 million in 2023.
  • Across the five-year window, Research & Development soared 133.4% in 2022 and rose 20.03% in 2024, its largest moves.
  • Year by year, Research & Development stood at $51.6 million in 2022, then soared by 101.74% to $104.2 million in 2023, then gained by 28.29% to $133.6 million in 2024, then soared by 81.16% to $242.1 million in 2025, then advanced by 29.22% to $312.8 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $312.8 million in Q1 2026, $242.1 million in Q4 2025, and $209.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Vaxcyte 7.64 Bn 7.64 Bn - 312.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 312.78 Mn
Dec 31, 2025 242.06 Mn
Sep 30, 2025 209.93 Mn
Jun 30, 2025 194.18 Mn
Mar 31, 2025 148.13 Mn
Dec 31, 2024 133.61 Mn
Sep 30, 2024 116.94 Mn
Jun 30, 2024 131.51 Mn
Mar 31, 2024 94.59 Mn
Dec 31, 2023 104.15 Mn
Sep 30, 2023 97.42 Mn
Jun 30, 2023 72.69 Mn
Mar 31, 2023 58.08 Mn
Dec 31, 2022 51.63 Mn
Sep 30, 2022 47.68 Mn
Jun 30, 2022 38.47 Mn
Mar 31, 2022 31.68 Mn
Dec 31, 2021 23.07 Mn
Sep 30, 2021 20.43 Mn
Jun 30, 2021 17.65 Mn