Twist Bioscience (TWST) Research & Development (2017 - 2026)
Twist Bioscience's (TWST) quarterly Research & Development came in at $18.0 million in Q2 2026, little changed year-over-year from $18.0 million in Q2 2025, and down 8.48% quarter-over-quarter from $19.7 million in Q1 2026.
Analysis
Twist Bioscience (TWST) Research & Development (2017 - 2026) Analysis & Trends
Twist Bioscience (TWST) has reported Research & Development for 10 consecutive years, with $18.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development changed 0.12% year-over-year to $18.0 million in Q2 2026; TTM through Jun 2026 was $71.9 million, a 14.86% decrease from a year earlier, with the FY2025 full-year figure at $80.3 million, down 11.63% from the prior year.
- Research & Development was $18.0 million for Q2 2026 at Twist Bioscience, down from $19.7 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 $23.9 million and a median of $23.4 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 97.78% in 2022 and sank 33.42% in 2023, its largest moves.
- Over 5 years, Research & Development stood at $31.2 million in 2022, then fell by 26.06% to $23.1 million in 2023, then fell by 7.76% to $21.3 million in 2024, then decreased by 19.6% to $17.1 million in 2025, then climbed by 5.22% to $18.0 million in 2026.
- The last three Research & Development figures came in at $18.0 million (Q2 2026), $19.7 million (Q1 2026), and $17.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 364.00 Mn |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 412.00 Mn |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 123.00 Mn |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 252.00 Mn |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 48.97 Mn |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 23.95 Mn |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 61.20 Mn |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 14.42 Mn |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 56.79 Mn |
| 10 | Twist Bioscience | 8.93 Bn | 8.76 Bn | 62.45 Mn | 18.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.03 Mn |
| 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 |