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| Date | Value |
|---|---|
| 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 |