Transcode Therapeutics (RNAZ) Research & Development (2020 - 2026)
Transcode Therapeutics' (RNAZ) quarterly Research & Development came in at $3.7 million in Q2 2026, up 43.96% on a YoY basis from $2.6 million in Q2 2025, and down 27.67% quarter-over-quarter from $5.1 million in Q1 2026.
Analysis
Transcode Therapeutics (RNAZ) Research & Development (2020 - 2026) Analysis & Trends
Transcode Therapeutics (RNAZ) has reported Research & Development for 7 consecutive years, with $3.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 43.96% year-over-year to $3.7 million; the trailing twelve-month figure through Jun 2026 stood at $17.4 million (up 80.67% YoY), and the FY2025 full-year result was $13.4 million, up 38.28% from the prior year.
- Research & Development declined to $3.7 million in Q2 2026 per RNAZ's latest filing, from $5.1 million in the prior quarter.
- Across five years, Research & Development topped out at $5.5 million in Q4 2025 and bottomed at $1.2 million in Q3 2024.
- Historically, Research & Development has averaged $3.0 million across 5 years, with a median of $3.0 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Research & Development soared 1137.31% in 2022, then sank 63.28% in 2024.
- Over 5 years, Research & Development stood at $2.7 million in 2022, then increased by 25.19% to $3.4 million in 2023, then climbed by 8.17% to $3.6 million in 2024, then surged by 50.49% to $5.5 million in 2025, then slumped by 32.54% to $3.7 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $3.7 million, $5.1 million, and $5.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 207.59 Bn | 193.60 Bn | 7.24 Bn | 1.87 Bn |
| 2 | Gilead Sciences | 178.73 Bn | 175.55 Bn | 6.22 Bn | 1.76 Bn |
| 3 | Vertex Pharmaceuticals | 131.17 Bn | 123.32 Bn | 2.84 Bn | 993.80 Mn |
| 4 | Regeneron Pharmaceuticals | 81.73 Bn | 73.73 Bn | 3.93 Bn | 1.63 Bn |
| 5 | Argenx Se | 61.01 Bn | 55.82 Bn | 1.37 Bn | -486.00 Mn |
| 6 | Moderna | 53.40 Bn | 48.27 Bn | 52.00 Mn | 651.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.49 Bn | 30.18 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Biogen | 31.64 Bn | 30.35 Bn | 1.96 Bn | 529.60 Mn |
| 9 | Roivant Sciences | 29.66 Bn | 29.66 Bn | 1.16 Mn | 202.02 Mn |
| 10 | Transcode Therapeutics | 1.69 Mn | 1.69 Mn | - | 3.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.69 Mn |
| Mar 31, 2026 | 5.11 Mn |
| Dec 31, 2025 | 5.48 Mn |
| Sep 30, 2025 | 3.16 Mn |
| Jun 30, 2025 | 2.57 Mn |
| Mar 31, 2025 | 2.22 Mn |
| Dec 31, 2024 | 3.64 Mn |
| Sep 30, 2024 | 1.23 Mn |
| Jun 30, 2024 | 3.08 Mn |
| Mar 31, 2024 | 1.76 Mn |
| Dec 31, 2023 | 3.36 Mn |
| Sep 30, 2023 | 3.34 Mn |
| Jun 30, 2023 | 2.97 Mn |
| Mar 31, 2023 | 2.59 Mn |
| Dec 31, 2022 | 2.69 Mn |
| Sep 30, 2022 | 3.04 Mn |
| Jun 30, 2022 | 2.62 Mn |
| Mar 31, 2022 | 1.88 Mn |
| Dec 31, 2021 | 1.29 Mn |
| Sep 30, 2021 | 992,946.00 |