United Therapeutics UTHR
NASDAQ UTHR
$522.83 -6.32 (-1.19%)
At close: Aug 20, 2026 · 10:01 AM UTC

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

United Therapeutics (UTHR) posted Research & Development of $138.2 million for Q1 2026, down 0.93% sequentially from $139.5 million in Q4 2025, and down 7.25% YoY from $149.0 million in Q1 2025.

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

United Therapeutics has reported Research & Development for 18 years, with the latest figure at $138.2 million in Q1 2026.

  • Quarterly Research & Development fell 7.25% year-over-year to $138.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $539.2 million (up 2.53% YoY) and the FY2025 annual result came in at $550.0 million, up 14.35% from the prior year.
  • Research & Development slipped to $138.2 million in Q1 2026 per UTHR's latest filing, from $139.5 million in the prior quarter.
  • Over five years, Research & Development peaked at $151.4 million in Q4 2023 and troughed at $66.1 million in Q3 2022.
  • A 5-year average of $111.8 million and a median of $104.1 million in 2024 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2023: Research & Development sank 77.28% in 2022, then surged 61.24% in 2023.
  • Over 5 years, Research & Development stood at $93.9 million in 2022, then soared by 61.24% to $151.4 million in 2023, then retreated by 11.62% to $133.8 million in 2024, then grew by 4.26% to $139.5 million in 2025, then retreated by 0.93% to $138.2 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $138.2 million, $139.5 million, and $127.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Haleon 43.71 Bn 42.75 Bn - -
2 Teva Pharmaceutical Industries 43.11 Bn 39.45 Bn 2.15 Bn 970.00 Mn
3 Zoetis 31.62 Bn 29.94 Bn 1.05 Bn -
4 Takeda Pharmaceutical 28.72 Bn 22.92 Bn 5.10 Bn -1.05 Bn
5 United Therapeutics 22.33 Bn 19.67 Bn 683.80 Mn 146.30 Mn
6 Viatris 18.83 Bn 17.95 Bn 1.46 Bn 248.30 Mn
7 Neurocrine Biosciences 15.62 Bn 15.23 Bn 935.80 Mn 326.70 Mn
8 Elanco Animal Health 12.10 Bn 11.57 Bn 798.00 Mn 92.00 Mn
9 Dr Reddys Laboratories 10.11 Bn 9.94 Bn - -
10 Alkermes 8.25 Bn 7.60 Bn 397.90 Mn 154.36 Mn

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