Vistagen Therapeutics (VTGN) Research & Development (2011 - 2026)
Vistagen Therapeutics' (VTGN) quarterly Research & Development came in at $10.9 million in Q2 2026, down 6.61% year-over-year from $11.7 million in Q2 2025, and down 16.49% quarter-over-quarter from $13.1 million in Q1 2026.
Analysis
Vistagen Therapeutics (VTGN) Research & Development (2011 - 2026) Analysis & Trends
Vistagen Therapeutics has disclosed Research & Development across 16 years of filings, most recently posting $10.9 million for Q2 2026.
- In Q2 2026, Research & Development fell 6.61% year-over-year to $10.9 million; the TTM figure through Jun 2026 stood at $54.1 million (up 24.65% YoY), while the FY2026 annual figure was $55.0 million, up 39.62% from the prior year.
- Research & Development came in at $10.9 million for Q2 2026 at Vistagen Therapeutics, down from $13.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $15.9 million in Q3 2025 to a low of $3.9 million in Q3 2023.
- Average Research & Development over 5 years is $10.1 million, with a median of $10.6 million recorded in 2024.
- Year-over-year, Research & Development surged 180.16% in 2022 and slumped 72.55% in 2023.
- Over 5 years, Research & Development stood at $6.9 million in 2022, then sank by 33.81% to $4.5 million in 2023, then surged by 149.17% to $11.3 million in 2024, then gained by 25.81% to $14.2 million in 2025, then declined by 23.32% to $10.9 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $10.9 million in Q2 2026, $13.1 million in Q1 2026, and $14.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 236.37 Bn | 222.38 Bn | 7.24 Bn | 1.87 Bn |
| 2 | Gilead Sciences | 187.38 Bn | 184.12 Bn | 6.22 Bn | 1.76 Bn |
| 3 | Vertex Pharmaceuticals | 138.36 Bn | 130.51 Bn | 2.84 Bn | 993.80 Mn |
| 4 | Regeneron Pharmaceuticals | 85.09 Bn | 77.10 Bn | 3.93 Bn | 1.63 Bn |
| 5 | Argenx Se | 63.93 Bn | 58.75 Bn | 1.37 Bn | -486.00 Mn |
| 6 | Moderna | 58.07 Bn | 52.94 Bn | 52.00 Mn | 651.00 Mn |
| 7 | Alnylam Pharmaceuticals | 35.59 Bn | 32.28 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Biogen | 32.63 Bn | 31.34 Bn | 1.96 Bn | 529.60 Mn |
| 9 | Insmed | 27.57 Bn | 26.41 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Vistagen Therapeutics | 10.65 Mn | 10.65 Mn | - | 10.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.91 Mn |
| Mar 31, 2026 | 13.06 Mn |
| Dec 31, 2025 | 14.22 Mn |
| Sep 30, 2025 | 15.92 Mn |
| Jun 30, 2025 | 11.68 Mn |
| Mar 31, 2025 | 10.21 Mn |
| Dec 31, 2024 | 11.31 Mn |
| Sep 30, 2024 | 10.22 Mn |
| Jun 30, 2024 | 7.65 Mn |
| Mar 31, 2024 | 7.44 Mn |
| Dec 31, 2023 | 4.54 Mn |
| Sep 30, 2023 | 3.85 Mn |
| Jun 30, 2023 | 4.20 Mn |
| Mar 31, 2023 | 9.34 Mn |
| Dec 31, 2022 | 6.85 Mn |
| Sep 30, 2022 | 12.89 Mn |
| Jun 30, 2022 | 15.29 Mn |
| Mar 31, 2022 | 12.23 Mn |
| Dec 31, 2021 | 7.78 Mn |
| Sep 30, 2021 | 9.94 Mn |