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
DateValue
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