X4 Pharmaceuticals XFOR
NASDAQ XFOR
$4.04 +0.00 (+0.00%)
At close: Sep 4, 2026 · 4:00 PM EDT

X4 Pharmaceuticals (XFOR) Research & Development (2017 - 2026)

X4 Pharmaceuticals' (XFOR) quarterly Research & Development came in at $15.1 million in Q2 2026, down 17.83% on a YoY basis from $18.4 million in Q2 2025, and down 2.4% quarter-over-quarter from $15.4 million in Q1 2026.

Analysis

X4 Pharmaceuticals (XFOR) Research & Development (2017 - 2026) Analysis & Trends

X4 Pharmaceuticals (XFOR) has reported Research & Development for 10 consecutive years, with $15.1 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development fell 17.83% year-over-year to $15.1 million; the trailing twelve-month figure through Jun 2026 stood at $66.4 million (down 14.6% YoY), and the FY2025 full-year result was $72.7 million, down 10.93% from the prior year.
  • Research & Development fell to $15.1 million in Q2 2026 per XFOR's latest filing, from $15.4 million in the prior quarter.
  • Across five years, Research & Development topped out at $22.1 million in Q1 2023 and bottomed at $13.8 million in Q2 2022.
  • Historically, Research & Development has averaged $17.7 million across 5 years, with a median of $18.4 million in 2025.
  • The sharpest annual moves came in 2022 and 2023: Research & Development jumped 56.34% in 2022, then fell 19.68% in 2023.
  • Over 5 years, Research & Development stood at $19.0 million in 2022, then dropped by 19.68% to $15.3 million in 2023, then soared by 42.1% to $21.7 million in 2024, then decreased by 14.66% to $18.5 million in 2025, then fell by 18.58% to $15.1 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $15.1 million, $15.4 million, and $18.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Johnson & Johnson 663.08 Bn 642.33 Bn 17.26 Bn 3.65 Bn
2 AbbVie 453.04 Bn 446.51 Bn 12.70 Bn 2.34 Bn
3 Merck 370.87 Bn 363.78 Bn 12.21 Bn 9.74 Bn
4 Novartis Ag 305.29 Bn 298.00 Bn 11.24 Bn -2.85 Bn
5 Pfizer 162.10 Bn 150.70 Bn 10.94 Bn 2.81 Bn
6 Sanofi 53.95 Bn 46.98 Bn 10.79 Bn -2.60 Bn
7 Revolution Medicines 45.00 Bn 45.00 Bn - 394.92 Mn
8 BeOne Medicines 40.49 Bn 35.39 Bn 1.53 Bn 612.28 Mn
9 Incyte 25.47 Bn 20.94 Bn 1.57 Bn 516.95 Mn
10 X4 Pharmaceuticals 510.43 Mn 315.33 Mn 7.19 Mn 15.08 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 15.08 Mn
Mar 31, 2026 15.45 Mn
Dec 31, 2025 18.52 Mn
Sep 30, 2025 17.34 Mn
Jun 30, 2025 18.35 Mn
Mar 31, 2025 18.51 Mn
Dec 31, 2024 21.70 Mn
Sep 30, 2024 19.17 Mn
Jun 30, 2024 20.91 Mn
Mar 31, 2024 19.85 Mn
Dec 31, 2023 15.27 Mn
Sep 30, 2023 19.08 Mn
Jun 30, 2023 15.60 Mn
Mar 31, 2023 22.06 Mn
Dec 31, 2022 19.01 Mn
Sep 30, 2022 14.11 Mn
Jun 30, 2022 13.82 Mn
Mar 31, 2022 14.11 Mn
Dec 31, 2021 12.16 Mn
Sep 30, 2021 13.19 Mn