Spyre Therapeutics (SYRE) Research & Development (2015 - 2026)
Spyre Therapeutics posted quarterly Research & Development of $60.4 million for Q1 2026, up 45.14% year-on-year from $41.6 million in Q1 2025, and up 35.34% on a QoQ basis from $44.6 million in Q4 2025.
Spyre Therapeutics (SYRE) has 12 years of Research & Development data on file, last reported at $60.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 45.14% year-over-year to $60.4 million; the trailing twelve-month figure through Mar 2026 stood at $190.4 million (up 12.36% YoY), and the FY2025 full-year result was $171.7 million, up 5.44% from the prior year.
- Research & Development for Q1 2026 stood at $60.4 million, up from $44.6 million in the prior quarter.
- Across five years, Research & Development topped out at $60.4 million in Q1 2026 and bottomed at $12.0 million in Q3 2022.
- The 5-year median for Research & Development is $33.7 million (2023), against an average of $31.9 million.
- The widest annual swing landed in 2022, when Research & Development fell 19.36%; it then surged 153.54% in 2024.
- A 5-year view of Research & Development shows it stood at $14.3 million in 2022, then jumped by 136.35% to $33.7 million in 2023, then jumped by 49.88% to $50.5 million in 2024, then slipped by 11.58% to $44.6 million in 2025, then surged by 35.34% to $60.4 million in 2026.
- The last three Research & Development figures came in at $60.4 million (Q1 2026), $44.6 million (Q4 2025), and $45.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Quantum Biopharma | 961,148.99 Bn | 961,148.98 Bn | - | 626,092.00 |
| 2 | Alterity Therapeutics | 744,933.29 Bn | 744,933.26 Bn | - | 4.32 Mn |
| 3 | Legend Biotech | 2,540.00 Bn | 2,539.71 Bn | 242.10 Mn | -101.30 Mn |
| 4 | Nanobiotix | 2,199.85 Bn | 2,199.78 Bn | - | - |
| 5 | Akari Therapeutics | 1,635.88 Bn | 1,635.88 Bn | - | 1.46 Mn |
| 6 | Vertex Pharmaceuticals | 111.32 Bn | 104.07 Bn | 2.59 Bn | 961.60 Mn |
| 7 | Evaxion A | 62.56 Bn | 62.54 Bn | - | -2.30 Mn |
| 8 | Regeneron Pharmaceuticals | 62.55 Bn | 53.79 Bn | 3.31 Bn | 1.54 Bn |
| 9 | Alnylam Pharmaceuticals | 39.57 Bn | 36.56 Bn | 959.66 Mn | 364.87 Mn |
| 10 | Spyre Therapeutics | 5.55 Bn | 5.55 Bn | - | 60.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.41 Mn |
| Dec 31, 2025 | 44.64 Mn |
| Sep 30, 2025 | 45.25 Mn |
| Jun 30, 2025 | 40.15 Mn |
| Mar 31, 2025 | 41.62 Mn |
| Dec 31, 2024 | 50.48 Mn |
| Sep 30, 2024 | 44.74 Mn |
| Jun 30, 2024 | 32.64 Mn |
| Mar 31, 2024 | 34.93 Mn |
| Dec 31, 2023 | 33.68 Mn |
| Sep 30, 2023 | 24.66 Mn |
| Jun 30, 2023 | 17.39 Mn |
| Mar 31, 2023 | 13.78 Mn |
| Dec 31, 2022 | 14.25 Mn |
| Sep 30, 2022 | 11.98 Mn |
| Jun 30, 2022 | 15.37 Mn |
| Mar 31, 2022 | 16.98 Mn |
| Dec 31, 2021 | 16.78 Mn |
| Sep 30, 2021 | 14.85 Mn |
| Jun 30, 2021 | 13.58 Mn |
| Mar 31, 2021 | 11.86 Mn |
| Dec 31, 2020 | 15.76 Mn |
| Sep 30, 2020 | 12.45 Mn |
| Jun 30, 2020 | 16.87 Mn |
| Mar 31, 2020 | 14.56 Mn |
| Dec 31, 2019 | 17.57 Mn |
| Sep 30, 2019 | 17.84 Mn |
| Jun 30, 2019 | 14.81 Mn |
| Mar 31, 2019 | 14.39 Mn |
| Dec 31, 2018 | 11.80 Mn |
| Sep 30, 2018 | 8.93 Mn |
| Jun 30, 2018 | 9.12 Mn |
| Mar 31, 2018 | 6.87 Mn |
| Dec 31, 2017 | 5.79 Mn |
| Sep 30, 2017 | 6.24 Mn |
| Jun 30, 2017 | 5.84 Mn |
| Mar 31, 2017 | 4.95 Mn |
| Dec 31, 2016 | 4.74 Mn |
| Sep 30, 2016 | 5.39 Mn |
| Jun 30, 2016 | 4.42 Mn |
| Mar 31, 2016 | 3.60 Mn |
| Dec 31, 2015 | 3.97 Mn |
| Sep 30, 2015 | 3.13 Mn |
| Jun 30, 2015 | 2.74 Mn |
| Mar 31, 2015 | 1.62 Mn |