Twist Bioscience (TWST) Research & Development (2017 - 2026)

Twist Bioscience (TWST) reported Research & Development of $19.7 million for Q1 2026, down 17.65% year-over-year from $23.9 million in Q1 2025, and up 14.97% quarter-over-quarter from $17.1 million in Q4 2025.

Twist Bioscience (TWST) Research & Development (2017 - 2026) Analysis & Trends

Twist Bioscience (TWST) has 10 years of Research & Development data on file, last reported at $19.7 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $19.7 million, down 17.65% year-over-year; the trailing twelve-month figure through Mar 2026 was $71.9 million (down 19.07% YoY), and the FY2025 annual result was $80.3 million, down 11.63% from the prior year.
  • Research & Development advanced to $19.7 million in Q1 2026 per TWST's latest filing, from $17.1 million in the prior quarter.
  • Over five years, Research & Development peaked at $36.8 million in Q2 2022 and troughed at $17.0 million in Q3 2025.
  • A 5-year average of $24.3 million and a median of $23.7 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2023: Research & Development soared 97.78% in 2022, then plunged 33.42% in 2023.
  • A 5-year view of Research & Development shows it stood at $31.2 million in 2022, then retreated by 26.06% to $23.1 million in 2023, then retreated by 7.76% to $21.3 million in 2024, then slipped by 19.6% to $17.1 million in 2025, then gained by 14.97% to $19.7 million in 2026.
  • Business Quant data shows TWST's Research & Development at $19.7 million in Q1 2026, $17.1 million in Q4 2025, and $17.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 336.00 Mn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 65.79 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 126.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn -
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 210.70 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 51.28 Mn
10 Twist Bioscience 4.30 Bn 4.30 Bn 57.12 Mn 19.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 19.70 Mn
Dec 31, 2025 17.13 Mn
Sep 30, 2025 17.01 Mn
Jun 30, 2025 18.05 Mn
Mar 31, 2025 23.92 Mn
Dec 31, 2024 21.31 Mn
Sep 30, 2024 21.13 Mn
Jun 30, 2024 22.47 Mn
Mar 31, 2024 24.15 Mn
Dec 31, 2023 23.10 Mn
Sep 30, 2023 23.75 Mn
Jun 30, 2023 24.53 Mn
Mar 31, 2023 27.38 Mn
Dec 31, 2022 31.24 Mn
Sep 30, 2022 29.61 Mn
Jun 30, 2022 36.84 Mn
Mar 31, 2022 31.23 Mn
Dec 31, 2021 22.63 Mn
Sep 30, 2021 19.44 Mn
Jun 30, 2021 19.84 Mn