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| Date | Value |
|---|---|
| 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 |