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

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

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

United Therapeutics (UTHR) has 18 years of Research & Development data on file, last reported at $138.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development fell 7.25% year-over-year to $138.2 million; the trailing twelve-month figure through Mar 2026 stood at $539.2 million (up 2.53% YoY), and the FY2025 full-year result was $550.0 million, up 14.35% from the prior year.
  • Research & Development slipped to $138.2 million in Q1 2026, from $139.5 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.
  • A 5-year average of $111.8 million and a median of $104.1 million in 2024 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development tumbled 77.28% in 2022 and soared 61.24% in 2023, its largest moves.
  • Tracing UTHR's Research & Development over 5 years: stood at $93.9 million in 2022, then soared by 61.24% to $151.4 million in 2023, then dropped by 11.62% to $133.8 million in 2024, then gained by 4.26% to $139.5 million in 2025, then dropped by 0.93% to $138.2 million in 2026.
  • Business Quant data shows UTHR's Research & Development at $138.2 million in Q1 2026, $139.5 million in Q4 2025, and $127.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 696.00 Mn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 180.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 7.37 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 138.20 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 248.60 Mn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 296.20 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 97.00 Mn
10 Vireo Growth 10.57 Bn 10.41 Bn 59.30 Mn -

Historic Data

Download Data
DateValue
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
Jun 30, 2021 74.30 Mn