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
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