TScan Therapeutics (TCRX) Research & Development (2020 - 2026)
TScan Therapeutics' (TCRX) quarterly Research & Development came in at $21.9 million in Q1 2026, down 26.47% year-on-year from $29.8 million in Q1 2025, and up 9.31% on a QoQ basis from $20.0 million in Q4 2025.
TScan Therapeutics (TCRX) Research & Development (2020 - 2026) Analysis & Trends
TScan Therapeutics (TCRX) has 7 years of Research & Development data on file, last reported at $21.9 million in Q1 2026.
- On a quarterly basis, Research & Development fell 26.47% year-over-year to $21.9 million in Q1 2026; TTM through Mar 2026 was $106.3 million, a 5.36% decrease from a year earlier, with the FY2025 full-year figure at $114.2 million, up 6.33% from the prior year.
- Research & Development for Q1 2026 stood at $21.9 million, up from $20.0 million in the prior quarter.
- Over the last five years, Research & Development for TCRX reached as high as $32.6 million in Q2 2025 and fell as low as $14.5 million in Q2 2022.
- Historically, Research & Development has averaged $23.0 million across 5 years, with a median of $22.4 million in 2023.
- Across the five-year window, Research & Development jumped 100.16% in 2022 and tumbled 31.73% in 2025, its largest moves.
- Year by year, Research & Development stood at $15.6 million in 2022, then soared by 43.59% to $22.4 million in 2023, then jumped by 31.01% to $29.4 million in 2024, then tumbled by 31.73% to $20.0 million in 2025, then advanced by 9.31% to $21.9 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $21.9 million in Q1 2026, $20.0 million in Q4 2025, and $31.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,222.41 Bn | 67,222.13 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,909.44 Bn | 1,909.38 Bn | - | - |
| 3 | Akari Therapeutics | 989.71 Bn | 989.71 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 472.06 Bn | 467.27 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 122.10 Bn | 114.85 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 70.00 Bn | 61.25 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 62.68 Bn | 62.68 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 55.75 Bn | 50.57 Bn | 1.41 Bn | 1.37 Bn |
| 9 | Alnylam Pharmaceuticals | 37.50 Bn | 34.50 Bn | 959.66 Mn | 364.87 Mn |
| 10 | TScan Therapeutics | 101.48 Mn | -26.58 Mn | - | 21.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.90 Mn |
| Dec 31, 2025 | 20.04 Mn |
| Sep 30, 2025 | 31.69 Mn |
| Jun 30, 2025 | 32.63 Mn |
| Mar 31, 2025 | 29.79 Mn |
| Dec 31, 2024 | 29.35 Mn |
| Sep 30, 2024 | 26.26 Mn |
| Jun 30, 2024 | 26.88 Mn |
| Mar 31, 2024 | 24.86 Mn |
| Dec 31, 2023 | 22.41 Mn |
| Sep 30, 2023 | 22.74 Mn |
| Jun 30, 2023 | 21.23 Mn |
| Mar 31, 2023 | 21.78 Mn |
| Dec 31, 2022 | 15.60 Mn |
| Sep 30, 2022 | 15.03 Mn |
| Jun 30, 2022 | 14.49 Mn |
| Mar 31, 2022 | 14.69 Mn |
| Dec 31, 2021 | 12.61 Mn |
| Sep 30, 2021 | 14.21 Mn |
| Jun 30, 2021 | 10.80 Mn |