Twist Bioscience (TWST) Research & Development (2017 - 2026)
Twist Bioscience (TWST) posted quarterly 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 reported Research & Development for 10 consecutive years, with $19.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 17.65% year-over-year to $19.7 million; the TTM figure through Mar 2026 stood at $71.9 million (down 19.07% YoY), while the FY2025 annual figure was $80.3 million, down 11.63% from the prior year.
- Research & Development rose to $19.7 million in Q1 2026 per TWST's latest filing, from $17.1 million in the prior quarter.
- Across five years, Research & Development topped out at $36.8 million in Q2 2022 and bottomed at $17.0 million in Q3 2025.
- Historically, Research & Development has averaged $24.3 million across 5 years, with a median of $23.7 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development soared 97.78% — and 2023, when it plunged 33.42%.
- Twist Bioscience's Research & Development stood at $31.2 million in 2022, then decreased by 26.06% to $23.1 million in 2023, then decreased by 7.76% to $21.3 million in 2024, then dropped by 19.6% to $17.1 million in 2025, then advanced 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 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 364.00 Mn |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 412.00 Mn |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 228.07 Mn |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 126.00 Mn |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | - |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 171.28 Mn |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 252.00 Mn |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 52.99 Mn |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | - |
| 10 | Twist Bioscience | 9.55 Bn | 9.38 Bn | 62.45 Mn | 18.03 Mn |
Historic Data
Download 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 |