Ultragenyx Pharmaceutical (RARE) Research & Development (2013 - 2026)

Ultragenyx Pharmaceutical's (RARE) quarterly Research & Development came in at $187.0 million in Q1 2026, up 12.65% year-on-year from $166.0 million in Q1 2025, and down 8.01% on a QoQ basis from $203.3 million in Q4 2025.

Ultragenyx Pharmaceutical (RARE) Research & Development (2013 - 2026) Analysis & Trends

Ultragenyx Pharmaceutical (RARE) has 14 years of Research & Development data on file, last reported at $187.0 million in Q1 2026.

  • On a quarterly basis, Research & Development rose 12.65% year-over-year to $187.0 million in Q1 2026; TTM through Mar 2026 was $771.2 million, a 12.5% increase from a year earlier, with the FY2025 full-year figure at $750.0 million, up 7.45% from the prior year.
  • Research & Development for Q1 2026 stood at $187.0 million, down from $203.3 million in the prior quarter.
  • Over the last five years, Research & Development for RARE reached as high as $237.3 million in Q3 2022 and fell as low as $143.2 million in Q1 2022.
  • Historically, Research & Development has averaged $175.8 million across 5 years, with a median of $166.0 million in 2025.
  • Across the five-year window, Research & Development jumped 109.23% in 2022 and slumped 33.73% in 2023, its largest moves.
  • Year by year, Research & Development stood at $170.8 million in 2022, then fell by 6.26% to $160.1 million in 2023, then gained by 17.36% to $187.9 million in 2024, then advanced by 8.18% to $203.3 million in 2025, then decreased by 8.01% to $187.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $187.0 million in Q1 2026, $203.3 million in Q4 2025, and $216.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Ultragenyx Pharmaceutical 2.72 Bn 2.31 Bn 106.00 Mn 187.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 187.00 Mn
Dec 31, 2025 203.28 Mn
Sep 30, 2025 216.21 Mn
Jun 30, 2025 164.74 Mn
Mar 31, 2025 166.00 Mn
Dec 31, 2024 187.90 Mn
Sep 30, 2024 170.11 Mn
Jun 30, 2024 161.50 Mn
Mar 31, 2024 178.49 Mn
Dec 31, 2023 160.11 Mn
Sep 30, 2023 157.25 Mn
Jun 30, 2023 164.95 Mn
Mar 31, 2023 165.70 Mn
Dec 31, 2022 170.81 Mn
Sep 30, 2022 237.30 Mn
Jun 30, 2022 154.53 Mn
Mar 31, 2022 143.16 Mn
Dec 31, 2021 123.01 Mn
Sep 30, 2021 113.42 Mn
Jun 30, 2021 113.21 Mn