Annexon annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Annexon R&D Spending Growth & History (ANNX)
Annexon's r&d spending was $184.7M for fiscal 2025.
View full Annexon company overviewAnnexon annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $184.7M | $65.3M | +54.63% |
| 2024 | 2024-12-31 | $119.4M | $5.7M | +5.00% |
| 2023 | 2023-12-31 | $113.8M | $1.3M | +1.12% |
| 2022 | 2022-12-31 | $112.5M | $12.4M | +12.43% |
| 2021 | 2021-12-31 | $100.1M | $50.8M | +103.09% |
| 2020 | 2020-12-31 | $49.3M | $24.7M | +100.91% |
| 2019 | 2019-12-31 | $24.5M | — | — |
Annexon quarterly r&d spending
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $46.6M | $2.4M | +5.50% |
| Q1 2026 | 2026-03-31 | $35.8M | −$12.4M | −25.72% |
| Q4 2025 | 2025-12-31 | $42.7M | −$695,000 | −1.60% |
| Q3 2025 | 2025-09-30 | $49.7M | $19.6M | +65.09% |
| Q2 2025 | 2025-06-30 | $44.2M | $19.1M | +76.46% |
| Q1 2025 | 2025-03-31 | $48.2M | $27.2M | +129.83% |
| Q4 2024 | 2024-12-31 | $43.4M | $20.1M | +86.33% |
| Q3 2024 | 2024-09-30 | $30.1M | $2.2M | +7.93% |
| Q2 2024 | 2024-06-30 | $25.0M | −$5.2M | −17.27% |
| Q1 2024 | 2024-03-31 | $21.0M | −$11.4M | −35.19% |
| Q4 2023 | 2023-12-31 | $23.3M | −$5.3M | −18.46% |
| Q3 2023 | 2023-09-30 | $27.9M | $31,000 | +0.11% |
| Q2 2023 | 2023-06-30 | $30.3M | $1.1M | +3.93% |
| Q1 2023 | 2023-03-31 | $32.3M | $5.3M | +19.81% |
| Q4 2022 | 2022-12-31 | $28.5M | $1.3M | +4.84% |
| Q3 2022 | 2022-09-30 | $27.9M | $281,000 | +1.02% |
| Q2 2022 | 2022-06-30 | $29.1M | $4.5M | +18.45% |
| Q1 2022 | 2022-03-31 | $27.0M | $6.3M | +30.45% |
| Q4 2021 | 2021-12-31 | $27.2M | $9.2M | +51.27% |
| Q3 2021 | 2021-09-30 | $27.6M | $15.8M | +134.23% |
| Q2 2021 | 2021-06-30 | $24.6M | $15.3M | +164.58% |
| Q1 2021 | 2021-03-31 | $20.7M | $10.5M | +102.56% |
| Q4 2020 | 2020-12-31 | $18.0M | — | — |
| Q3 2020 | 2020-09-30 | $11.8M | $4.7M | +66.10% |
| Q2 2020 | 2020-06-30 | $9.3M | $3.3M | +55.12% |
| Q1 2020 | 2020-03-31 | $10.2M | — | — |
| Q3 2019 | 2019-09-30 | $7.1M | — | — |
| Q2 2019 | 2019-06-30 | $6.0M | — | — |
Annexon r&d spending trends
Over the last five fiscal years, Annexon's r&d spending increased from $49.3M to $184.7M, a change of $135.4M. The latest reported quarter, Q2 2026, shows $46.6M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Annexon source filings ↗