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 213.77 Bn 209.71 Bn 8.34 Bn 364.00 Mn
2 Danaher 139.78 Bn 135.43 Bn 3.61 Bn 412.00 Mn
3 Idexx Laboratories 46.04 Bn 45.85 Bn 779.09 Mn 171.28 Mn
4 Agilent Technologies 39.68 Bn 37.88 Bn 990.00 Mn 126.00 Mn
5 Iqvia Holdings 39.34 Bn 37.26 Bn 1.44 Bn -
6 Natera 38.75 Bn 37.65 Bn 696.04 Mn 210.70 Mn
7 Illumina 29.90 Bn 28.73 Bn 770.00 Mn 252.00 Mn
8 Mettler Toledo International 28.58 Bn 28.53 Bn 650.22 Mn 52.99 Mn
9 Quest Diagnostics 26.18 Bn 25.55 Bn 1.03 Bn -
10 Twist Bioscience 6.99 Bn 6.82 Bn 62.45 Mn 18.03 Mn

Historic Data

Download Data
DateValue
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