Rhythm Pharmaceuticals (RYTM) Research & Development (2016 - 2026)
Rhythm Pharmaceuticals (RYTM) reported Research & Development of $41.7 million for Q1 2026, up 12.85% year-over-year from $37.0 million in Q1 2025, and down 0.73% quarter-over-quarter from $42.0 million in Q4 2025.
Rhythm Pharmaceuticals (RYTM) Research & Development (2016 - 2026) Analysis & Trends
Rhythm Pharmaceuticals (RYTM) has 11 years of Research & Development data on file, last reported at $41.7 million in Q1 2026.
- Research & Development for Q1 2026 came in at $41.7 million, up 12.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $172.1 million (up 17.66% YoY), and the FY2025 annual result was $167.3 million, down 29.68% from the prior year.
- Research & Development eased to $41.7 million in Q1 2026 per RYTM's latest filing, from $42.0 million in the prior quarter.
- Over five years, Research & Development peaked at $128.7 million in Q1 2024 and troughed at $21.1 million in Q3 2022.
- A 5-year average of $40.6 million and a median of $37.0 million in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development soared 239.08% in 2024, then slumped 71.26% in 2025.
- A 5-year view of Research & Development shows it stood at $23.5 million in 2022, then grew by 26.94% to $29.9 million in 2023, then soared by 37.72% to $41.2 million in 2024, then climbed by 2.1% to $42.0 million in 2025, then dropped by 0.73% to $41.7 million in 2026.
- Business Quant data shows RYTM's Research & Development at $41.7 million in Q1 2026, $42.0 million in Q4 2025, and $46.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | Rhythm Pharmaceuticals | 6.59 Bn | 6.25 Bn | 52.96 Mn | 41.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.73 Mn |
| Dec 31, 2025 | 42.03 Mn |
| Sep 30, 2025 | 46.03 Mn |
| Jun 30, 2025 | 42.31 Mn |
| Mar 31, 2025 | 36.97 Mn |
| Dec 31, 2024 | 41.17 Mn |
| Sep 30, 2024 | 37.93 Mn |
| Jun 30, 2024 | 30.19 Mn |
| Mar 31, 2024 | 128.67 Mn |
| Dec 31, 2023 | 29.89 Mn |
| Sep 30, 2023 | 33.57 Mn |
| Jun 30, 2023 | 33.54 Mn |
| Mar 31, 2023 | 37.95 Mn |
| Dec 31, 2022 | 23.55 Mn |
| Sep 30, 2022 | 21.12 Mn |
| Jun 30, 2022 | 31.46 Mn |
| Mar 31, 2022 | 32.51 Mn |
| Dec 31, 2021 | 31.57 Mn |
| Sep 30, 2021 | 27.54 Mn |
| Jun 30, 2021 | 25.10 Mn |