Protagonist Therapeutics (PTGX) Research & Development (2015 - 2026)

Protagonist Therapeutics (PTGX) reported Research & Development of $46.7 million for Q1 2026, up 30.22% on a YoY basis from $35.9 million in Q1 2025, and up 0.82% sequentially from $46.4 million in Q4 2025.

Protagonist Therapeutics (PTGX) Research & Development (2015 - 2026) Analysis & Trends

Protagonist Therapeutics (PTGX) has 12 years of Research & Development data on file, last reported at $46.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 30.22% year-over-year to $46.7 million; the trailing twelve-month figure through Mar 2026 stood at $170.1 million (up 21.28% YoY), and the FY2025 full-year result was $159.3 million, up 15.32% from the prior year.
  • Research & Development climbed to $46.7 million in Q1 2026, from $46.4 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $46.7 million in Q1 2026 to a low of $25.4 million in Q3 2022.
  • A 5-year average of $34.7 million and a median of $34.6 million in 2022 frame the typical range for Research & Development.
  • Peak annual rise in Research & Development reached 49.8% in 2022, while the deepest fall reached 31.26% in 2022.
  • Tracing PTGX's Research & Development over 5 years: stood at $29.9 million in 2022, then slipped by 3.3% to $28.9 million in 2023, then increased by 20.78% to $34.9 million in 2024, then soared by 32.82% to $46.4 million in 2025, then gained by 0.82% to $46.7 million in 2026.
  • Business Quant data shows PTGX's Research & Development at $46.7 million in Q1 2026, $46.4 million in Q4 2025, and $40.0 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 Protagonist Therapeutics 8.88 Bn 8.88 Bn - 46.74 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 46.74 Mn
Dec 31, 2025 46.36 Mn
Sep 30, 2025 40.00 Mn
Jun 30, 2025 37.04 Mn
Mar 31, 2025 35.89 Mn
Dec 31, 2024 34.90 Mn
Sep 30, 2024 35.97 Mn
Jun 30, 2024 33.52 Mn
Mar 31, 2024 33.73 Mn
Dec 31, 2023 28.90 Mn
Sep 30, 2023 30.66 Mn
Jun 30, 2023 33.18 Mn
Mar 31, 2023 27.42 Mn
Dec 31, 2022 29.88 Mn
Sep 30, 2022 25.40 Mn
Jun 30, 2022 34.61 Mn
Mar 31, 2022 36.32 Mn
Dec 31, 2021 38.37 Mn
Sep 30, 2021 36.96 Mn
Jun 30, 2021 26.43 Mn