Cartesian Therapeutics (RNAC) Research & Development (2015 - 2026)

Cartesian Therapeutics' (RNAC) quarterly Research & Development came in at $19.5 million in Q1 2026, up 32.64% year-on-year from $14.7 million in Q1 2025, and up 32.5% on a QoQ basis from $14.7 million in Q4 2025.

Cartesian Therapeutics (RNAC) Research & Development (2015 - 2026) Analysis & Trends

Cartesian Therapeutics (RNAC) has 12 years of Research & Development data on file, last reported at $19.5 million in Q1 2026.

  • On a quarterly basis, Research & Development rose 32.64% year-over-year to $19.5 million in Q1 2026; TTM through Mar 2026 was $62.8 million, a 25.54% increase from a year earlier, with the FY2025 full-year figure at $58.0 million, up 28.66% from the prior year.
  • Research & Development for Q1 2026 stood at $19.5 million, up from $14.7 million in the prior quarter.
  • Over the last five years, Research & Development for RNAC reached as high as $21.9 million in Q4 2023 and fell as low as $9.7 million in Q1 2024.
  • Historically, Research & Development has averaged $15.7 million across 5 years, with a median of $14.9 million in 2025.
  • Across the five-year window, Research & Development plunged 48.26% in 2024 and soared 50.69% in 2025, its largest moves.
  • Year by year, Research & Development stood at $19.0 million in 2022, then advanced by 15.21% to $21.9 million in 2023, then plunged by 48.26% to $11.3 million in 2024, then gained by 29.92% to $14.7 million in 2025, then jumped by 32.5% to $19.5 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $19.5 million in Q1 2026, $14.7 million in Q4 2025, and $13.8 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 Cartesian Therapeutics 210.28 Mn 210.28 Mn - 19.46 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 19.46 Mn
Dec 31, 2025 14.69 Mn
Sep 30, 2025 13.80 Mn
Jun 30, 2025 14.87 Mn
Mar 31, 2025 14.67 Mn
Dec 31, 2024 11.31 Mn
Sep 30, 2024 11.40 Mn
Jun 30, 2024 12.66 Mn
Mar 31, 2024 9.74 Mn
Dec 31, 2023 21.85 Mn
Sep 30, 2023 13.00 Mn
Jun 30, 2023 17.78 Mn
Mar 31, 2023 18.62 Mn
Dec 31, 2022 18.97 Mn
Sep 30, 2022 16.54 Mn
Jun 30, 2022 19.18 Mn
Mar 31, 2022 17.69 Mn
Dec 31, 2021 20.32 Mn
Sep 30, 2021 20.95 Mn
Jun 30, 2021 14.46 Mn