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