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| 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 |