United Therapeutics UTHR
NASDAQ UTHR
$504.24 +6.27 (+1.26%)
As of: Sep 9, 2026 · 1:24 PM EDT

United Therapeutics (UTHR) Research & Development (2009 - 2026)

United Therapeutics' (UTHR) quarterly Research & Development came in at $146.3 million in Q2 2026, up 9.18% year-over-year from $134.0 million in Q2 2025, and up 5.86% quarter-over-quarter from $138.2 million in Q1 2026.

Analysis

United Therapeutics (UTHR) Research & Development (2009 - 2026) Analysis & Trends

United Therapeutics has disclosed Research & Development across 18 years of filings, most recently posting $146.3 million for Q2 2026.

  • In Q2 2026, Research & Development rose 9.18% year-over-year to $146.3 million; the TTM figure through Jun 2026 stood at $551.5 million (up 6.0% YoY), while the FY2025 annual figure was $550.0 million, up 14.35% from the prior year.
  • Research & Development came in at $146.3 million for Q2 2026 at United Therapeutics, up from $138.2 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $151.4 million in Q4 2023 to a low of $66.1 million in Q3 2022.
  • Average Research & Development over 5 years is $113.7 million, with a median of $115.8 million recorded in 2024.
  • Year-over-year, Research & Development plunged 77.28% in 2022 and jumped 61.24% in 2023.
  • Over 5 years, Research & Development stood at $93.9 million in 2022, then jumped by 61.24% to $151.4 million in 2023, then declined by 11.62% to $133.8 million in 2024, then advanced by 4.26% to $139.5 million in 2025, then gained by 4.87% to $146.3 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $146.3 million in Q2 2026, $138.2 million in Q1 2026, and $139.5 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Johnson & Johnson 644.32 Bn 623.56 Bn 17.26 Bn 3.65 Bn
2 AbbVie 440.60 Bn 434.04 Bn 12.70 Bn 2.34 Bn
3 Merck 365.39 Bn 358.25 Bn 12.21 Bn 9.74 Bn
4 Novartis Ag 266.73 Bn 259.04 Bn 11.24 Bn -2.85 Bn
5 Pfizer 159.22 Bn 147.52 Bn 10.94 Bn 2.81 Bn
6 Sanofi 52.48 Bn 45.10 Bn 10.79 Bn -2.60 Bn
7 Revolution Medicines 44.21 Bn 44.21 Bn - 394.92 Mn
8 Incyte 25.34 Bn 20.81 Bn 1.57 Bn 516.95 Mn
9 United Therapeutics 21.49 Bn 18.82 Bn 683.80 Mn 146.30 Mn
10 Neurocrine Biosciences 15.53 Bn 15.14 Bn 935.80 Mn 326.70 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 146.30 Mn
Mar 31, 2026 138.20 Mn
Dec 31, 2025 139.50 Mn
Sep 30, 2025 127.50 Mn
Jun 30, 2025 134.00 Mn
Mar 31, 2025 149.00 Mn
Dec 31, 2024 133.80 Mn
Sep 30, 2024 103.50 Mn
Jun 30, 2024 139.60 Mn
Mar 31, 2024 104.10 Mn
Dec 31, 2023 151.40 Mn
Sep 30, 2023 84.70 Mn
Jun 30, 2023 89.00 Mn
Mar 31, 2023 82.90 Mn
Dec 31, 2022 93.90 Mn
Sep 30, 2022 66.10 Mn
Jun 30, 2022 93.90 Mn
Mar 31, 2022 69.00 Mn
Dec 31, 2021 82.90 Mn
Sep 30, 2021 79.20 Mn