Twist Bioscience (TWST) Research & Development (2017 - 2026)
Twist Bioscience (TWST) recorded Research & Development of $18.03 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.1% from $18.05 million a year earlier and down 8.5% from the prior quarter.
Twist Bioscience (TWST) Research & Development (2017 - 2026) Analysis & Trends
On a TTM basis, Twist Bioscience's Research & Development came in at $71.86 million as of Jun 30, 2026, down 14.9% year-over-year; for FY2025 (ended Sep 30, 2025), it was $80.29 million, down 11.6% from FY2024.
- Annual Research & Development has declined for three straight fiscal years, though with a five-year compound annual growth rate of 13.3% (FY2020 to FY2025).
- Across earlier fiscal years, Research & Development came in at $90.85 million in FY2024 (-15.0%), $106.89 million in FY2023 (-11.1%), $120.31 million in FY2022 (+74.2%) and $69.07 million in FY2021 (+60.6%).
- Quarterly Research & Development has ranged from $17.01 million in fiscal Q4 2025 to $36.84 million in fiscal Q3 2022 over the past five years.
- On a year-over-year basis, Research & Development has declined for 14 consecutive quarters, with an average decline of 12.0% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 97.8% in fiscal Q2 2022, against a decline of 33.4% in fiscal Q3 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $19.7 million (Q2 2026), $17.13 million (Q1 2026) and $17.01 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Twist Bioscience | 10.01 Bn | 9.25 Bn | 62.45 Mn | 18.03 Mn |
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 |
Twist Bioscience Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=TWST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "TWST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=TWST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();