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| Date | Value |
|---|---|
| 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 |