Protagonist Therapeutics (PTGX) Research & Development (2015 - 2026)
Protagonist Therapeutics' (PTGX) quarterly Research & Development came in at $46.7 million in Q1 2026, up 30.22% year-on-year from $35.9 million in Q1 2025, and up 0.82% quarter-over-quarter from $46.4 million in Q4 2025.
Protagonist Therapeutics (PTGX) Research & Development (2015 - 2026) Analysis & Trends
Protagonist Therapeutics has disclosed Research & Development across 12 years of filings, most recently posting $46.7 million for Q1 2026.
- Research & Development for Q1 2026 came in at $46.7 million, up 30.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $170.1 million (up 21.28% YoY), and the FY2025 annual result was $159.3 million, up 15.32% from the prior year.
- Research & Development came in at $46.7 million for Q1 2026 at Protagonist Therapeutics, up 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.
- The 5-year median for Research & Development is $34.6 million (2022), against an average of $34.7 million.
- Peak annual rise in Research & Development reached 49.8% in 2022, while the deepest fall reached 31.26% in 2022.
- Protagonist Therapeutics' Research & Development stood at $29.9 million in 2022, then dropped by 3.3% to $28.9 million in 2023, then rose by 20.78% to $34.9 million in 2024, then jumped by 32.82% to $46.4 million in 2025, then advanced by 0.82% to $46.7 million in 2026.
- The last three Research & Development figures came in at $46.7 million (Q1 2026), $46.4 million (Q4 2025), and $40.0 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 | Protagonist Therapeutics | 7.35 Bn | 7.35 Bn | - | 46.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |