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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |