Prime Medicine (PRME) Research & Development (2021 - 2026)
Prime Medicine (PRME) reported Research & Development of $34.1 million for Q1 2026, down 15.92% on a YoY basis from $40.6 million in Q1 2025, and down 1.74% quarter-over-quarter from $34.7 million in Q4 2025.
Prime Medicine (PRME) Research & Development (2021 - 2026) Analysis & Trends
Prime Medicine has reported Research & Development for 6 years, with the latest figure at $34.1 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 15.92% year-over-year to $34.1 million; the trailing twelve-month figure through Mar 2026 stood at $154.2 million (down 2.47% YoY), and the FY2025 full-year result was $160.6 million, up 3.44% from the prior year.
- Research & Development for Q1 2026 stood at $34.1 million, down from $34.7 million in the prior quarter.
- The five-year high for Research & Development was $44.0 million in Q3 2025, with the low at $13.7 million in Q1 2022.
- Historically, Research & Development has averaged $34.4 million across 5 years, with a median of $34.7 million in 2025.
- The largest YoY upside for Research & Development was 238.47% in 2022 against a maximum downside of 45.05% in 2022.
- Prime Medicine's Research & Development stood at $29.1 million in 2022, then jumped by 42.66% to $41.5 million in 2023, then dropped by 17.74% to $34.1 million in 2024, then increased by 1.77% to $34.7 million in 2025, then dropped by 1.74% to $34.1 million in 2026.
- The last three Research & Development figures came in at $34.1 million (Q1 2026), $34.7 million (Q4 2025), and $44.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | Prime Medicine | 572.02 Mn | 572.02 Mn | - | 34.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.11 Mn |
| Dec 31, 2025 | 34.71 Mn |
| Sep 30, 2025 | 43.99 Mn |
| Jun 30, 2025 | 41.38 Mn |
| Mar 31, 2025 | 40.56 Mn |
| Dec 31, 2024 | 34.10 Mn |
| Sep 30, 2024 | 40.34 Mn |
| Jun 30, 2024 | 43.07 Mn |
| Mar 31, 2024 | 37.77 Mn |
| Dec 31, 2023 | 41.46 Mn |
| Sep 30, 2023 | 40.97 Mn |
| Jun 30, 2023 | 34.60 Mn |
| Mar 31, 2023 | 30.88 Mn |
| Dec 31, 2022 | 29.06 Mn |
| Sep 30, 2022 | 25.05 Mn |
| Jun 30, 2022 | 18.94 Mn |
| Mar 31, 2022 | 13.68 Mn |
| Dec 31, 2021 | 52.89 Mn |
| Sep 30, 2021 | 7.40 Mn |