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
DateValue
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