Pharming PHAR
NASDAQ PHAR
$11.34 -0.12 (-1.05%)
As of: Sep 4, 2026 · 11:24 AM EDT

Pharming (PHAR) Research & Development (2020 - 2026)

Pharming's (PHAR) quarterly Research & Development came in at -$57.8 million in Q2 2026, down 28.95% YoY from -$81.4 million in Q2 2025, and down 126.24% on a QoQ basis from -$25.6 million in Q1 2026.

Analysis

Pharming (PHAR) Research & Development (2020 - 2026) Analysis & Trends

Pharming (PHAR) has 7 years of Research & Development data on file, last reported at -$57.8 million in Q2 2026.

  • Quarterly Research & Development fell 28.95% year-over-year to -$57.8 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$183.7 million (down 23.21% YoY) and the FY2025 annual result came in at $100.4 million, up 20.78% from the prior year.
  • Research & Development eased to -$57.8 million in Q2 2026, from -$25.6 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$20.7 in Q3 2024 to a low of -$100.4 million in Q4 2025.
  • A 5-year average of -$30.8 million and a median of -$20.9 million in 2023 frame the typical range for Research & Development.
  • The widest YoY moves for Research & Development: up 100.0% in 2024, down 191952053.11% in 2024.
  • Tracing PHAR's Research & Development over 5 years: stood at -$52.5 million in 2022, then soared by 100.0% to -$57.3 in 2023, then sank by 145108102.44% to -$83.1 million in 2024, then slipped by 20.71% to -$100.4 million in 2025, then jumped by 42.39% to -$57.8 million in 2026.
  • The last three Research & Development figures came in at -$57.8 million (Q2 2026), -$25.6 million (Q1 2026), and -$100.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Vertex Pharmaceuticals 139.76 Bn 131.91 Bn 2.84 Bn 993.80 Mn
2 Regeneron Pharmaceuticals 85.72 Bn 77.72 Bn 3.93 Bn 1.63 Bn
3 Argenx Se 63.56 Bn 58.38 Bn 1.37 Bn -486.00 Mn
4 Moderna 57.87 Bn 52.73 Bn 52.00 Mn 651.00 Mn
5 Revolution Medicines 44.06 Bn 44.06 Bn - 394.92 Mn
6 BeOne Medicines 40.08 Bn 34.98 Bn 1.53 Bn 612.28 Mn
7 Alnylam Pharmaceuticals 35.50 Bn 32.20 Bn 992.69 Mn 413.13 Mn
8 Royalty Pharma 28.54 Bn 27.70 Bn - 97.90 Mn
9 Insmed 27.49 Bn 26.33 Bn 358.27 Mn 210.03 Mn
10 Pharming 781.07 Mn 621.57 Mn 141.47 Mn -57.82 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -57.82 Mn
Mar 31, 2026 -25.56 Mn
Dec 31, 2025 -32.10
Sep 30, 2025 -23.40 Mn
Mar 31, 2025 -21.10 Mn
Dec 31, 2024 -60.80 Mn
Sep 30, 2024 -20.70 Mn
Jun 30, 2024 -40.12 Mn
Mar 31, 2024 -18.50 Mn
Dec 31, 2023 -11.60 Mn
Sep 30, 2023 -20.75 Mn
Jun 30, 2023 -20.90 Mn
Mar 31, 2023 -15.62 Mn
Dec 31, 2022 -41.60 Mn
Sep 30, 2022 -12.30 Mn
Dec 31, 2021 35.81 Mn
Sep 30, 2021 -13.32 Mn
Dec 31, 2020 -11.81 Mn
Sep 30, 2020 -9.13 Mn