GeneDx Holdings (WGS) Research & Development (2020 - 2026)
GeneDx Holdings (WGS) posted quarterly Research & Development of $19.8 million for Q1 2026, up 57.46% year-over-year from $12.6 million in Q1 2025, and down 19.3% quarter-over-quarter from $24.5 million in Q4 2025.
GeneDx Holdings (WGS) Research & Development (2020 - 2026) Analysis & Trends
GeneDx Holdings (WGS) has reported Research & Development for 7 consecutive years, with $19.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 57.46% year-over-year to $19.8 million; the TTM figure through Mar 2026 stood at $79.3 million (up 52.14% YoY), while the FY2025 annual figure was $72.0 million, up 57.53% from the prior year.
- Research & Development retreated to $19.8 million in Q1 2026 per WGS's latest filing, from $24.5 million in the prior quarter.
- Across five years, Research & Development topped out at $34.4 million in Q3 2022 and bottomed at $10.9 million in Q2 2024.
- Historically, Research & Development has averaged $19.1 million across 5 years, with a median of $17.0 million in 2024.
- Annual changes were most pronounced in 2023 — Research & Development plunged 58.44% — and 2025, when it surged 111.78%.
- GeneDx Holdings' Research & Development stood at $29.2 million in 2022, then tumbled by 46.78% to $15.6 million in 2023, then fell by 25.52% to $11.6 million in 2024, then soared by 111.78% to $24.5 million in 2025, then fell by 19.3% to $19.8 million in 2026.
- Business Quant data shows WGS's Research & Development at $19.8 million in Q1 2026, $24.5 million in Q4 2025, and $19.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.77 Bn | 209.71 Bn | 8.34 Bn | 364.00 Mn |
| 2 | Danaher | 139.78 Bn | 135.43 Bn | 3.61 Bn | 412.00 Mn |
| 3 | Idexx Laboratories | 46.04 Bn | 45.85 Bn | 779.09 Mn | 171.28 Mn |
| 4 | Agilent Technologies | 39.68 Bn | 37.88 Bn | 990.00 Mn | 126.00 Mn |
| 5 | Iqvia Holdings | 39.34 Bn | 37.26 Bn | 1.44 Bn | - |
| 6 | Natera | 38.75 Bn | 37.65 Bn | 696.04 Mn | 210.70 Mn |
| 7 | Illumina | 29.90 Bn | 28.73 Bn | 770.00 Mn | 252.00 Mn |
| 8 | Mettler Toledo International | 28.58 Bn | 28.53 Bn | 650.22 Mn | 52.99 Mn |
| 9 | Quest Diagnostics | 26.18 Bn | 25.55 Bn | 1.03 Bn | - |
| 10 | GeneDx Holdings | 2.08 Bn | 1.95 Bn | 78.24 Mn | 19.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.66 Mn |
| Mar 31, 2026 | 19.80 Mn |
| Dec 31, 2025 | 24.54 Mn |
| Sep 30, 2025 | 19.83 Mn |
| Jun 30, 2025 | 15.08 Mn |
| Mar 31, 2025 | 12.58 Mn |
| Dec 31, 2024 | 11.59 Mn |
| Sep 30, 2024 | 17.03 Mn |
| Jun 30, 2024 | 10.90 Mn |
| Mar 31, 2024 | 16.09 Mn |
| Dec 31, 2023 | 15.56 Mn |
| Sep 30, 2023 | 14.29 Mn |
| Jun 30, 2023 | 17.14 Mn |
| Mar 31, 2023 | 13.45 Mn |
| Dec 31, 2022 | 29.24 Mn |
| Sep 30, 2022 | 34.38 Mn |
| Jun 30, 2022 | 27.17 Mn |
| Mar 31, 2022 | 25.63 Mn |
| Dec 31, 2021 | 30.65 Mn |
| Sep 30, 2021 | 28.15 Mn |