Inovio Pharmaceuticals annual r&d spending
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2025
Inovio Pharmaceuticals R&D Spending Growth & History (INO)
Inovio Pharmaceuticals's r&d spending was $54.2M for fiscal 2025.
View full Inovio Pharmaceuticals company overviewInovio Pharmaceuticals annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $54.2M | −$21.4M | −28.32% |
| 2024 | 2024-12-31 | $75.6M | −$11.1M | −12.76% |
| 2023 | 2023-12-31 | $86.7M | −$101.0M | −53.81% |
| 2022 | 2022-12-31 | $187.7M | −$61.6M | −24.71% |
| 2021 | 2021-12-31 | $249.2M | $155.0M | +164.46% |
| 2020 | 2020-12-31 | $94.2M | $6.2M | +7.08% |
| 2019 | 2019-12-31 | $88.0M | −$7.2M | −7.60% |
| 2018 | 2018-12-31 | $95.3M | −$3.3M | −3.36% |
| 2017 | 2017-12-31 | $98.6M | $9.9M | +11.12% |
| 2016 | 2016-12-31 | $88.7M | $30.9M | +53.50% |
| 2015 | 2015-12-31 | $57.8M | $23.7M | +69.50% |
| 2014 | 2014-12-31 | $34.1M | $12.7M | +59.56% |
| 2013 | 2013-12-31 | $21.4M | $3.4M | +18.81% |
| 2012 | 2012-12-31 | $18.0M | −$2.0M | −10.22% |
| 2011 | 2011-12-31 | $20.0M | $6.8M | +51.11% |
| 2010 | 2010-12-31 | $13.3M | $3.8M | +40.90% |
| 2009 | 2009-12-31 | $9.4M | — | — |
Inovio Pharmaceuticals quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $10.8M | −$3.7M | −25.44% |
| Q1 2026 | 2026-03-31 | $14.1M | −$2.0M | −12.56% |
| Q4 2025 | 2025-12-31 | $10.3M | −$2.6M | −20.34% |
| Q3 2025 | 2025-09-30 | $13.3M | −$5.4M | −28.83% |
| Q2 2025 | 2025-06-30 | $14.5M | −$8.6M | −37.11% |
| Q1 2025 | 2025-03-31 | $16.1M | −$4.8M | −23.06% |
| Q4 2024 | 2024-12-31 | $12.9M | −$4.4M | −25.34% |
| Q3 2024 | 2024-09-30 | $18.7M | $3.2M | +20.84% |
| Q2 2024 | 2024-06-30 | $23.1M | −$652,981 | −2.75% |
| Q1 2024 | 2024-03-31 | $20.9M | −$9.3M | −30.70% |
| Q4 2023 | 2023-12-31 | $17.3M | −$24.9M | −59.04% |
| Q3 2023 | 2023-09-30 | $15.5M | −$17.6M | −53.14% |
| Q2 2023 | 2023-06-30 | $23.7M | −$32.7M | −57.95% |
| Q1 2023 | 2023-03-31 | $30.2M | −$25.8M | −46.09% |
| Q4 2022 | 2022-12-31 | $42.1M | −$50.2M | −54.37% |
| Q3 2022 | 2022-09-30 | $33.1M | −$14.0M | −29.73% |
| Q2 2022 | 2022-06-30 | $56.5M | −$14.3M | −20.26% |
| Q1 2022 | 2022-03-31 | $56.0M | $16.9M | +43.37% |
| Q4 2021 | 2021-12-31 | $92.3M | $66.0M | +250.91% |
| Q3 2021 | 2021-09-30 | $47.1M | $20.6M | +77.99% |
| Q2 2021 | 2021-06-30 | $70.8M | $48.4M | +216.44% |
| Q1 2021 | 2021-03-31 | $39.0M | $19.9M | +104.30% |
| Q4 2020 | 2020-12-31 | $26.3M | $4.3M | +19.54% |
| Q3 2020 | 2020-09-30 | $26.5M | $7.3M | +38.24% |
| Q2 2020 | 2020-06-30 | $22.4M | −$109,691 | −0.49% |
| Q1 2020 | 2020-03-31 | $19.1M | −$5.3M | −21.64% |
| Q4 2019 | 2019-12-31 | $22.0M | −$4.4M | −16.54% |
| Q3 2019 | 2019-09-30 | $19.1M | −$2.7M | −12.42% |
| Q2 2019 | 2019-06-30 | $22.5M | $23,646 | +0.11% |
| Q1 2019 | 2019-03-31 | $24.4M | −$187,863 | −0.76% |
| Q4 2018 | 2018-12-31 | $26.4M | $1.7M | +7.00% |
| Q3 2018 | 2018-09-30 | $21.9M | −$3.7M | −14.34% |
| Q2 2018 | 2018-06-30 | $22.5M | −$1.4M | −5.93% |
| Q1 2018 | 2018-03-31 | $24.6M | $35,247 | +0.14% |
| Q4 2017 | 2017-12-31 | $24.6M | $729,393 | +3.05% |
| Q3 2017 | 2017-09-30 | $25.5M | −$1.5M | −5.45% |
| Q2 2017 | 2017-06-30 | $23.9M | $4.2M | +21.64% |
| Q1 2017 | 2017-03-31 | $24.5M | $6.4M | +34.93% |
| Q4 2016 | 2016-12-31 | $23.9M | $8.3M | +53.26% |
| Q3 2016 | 2016-09-30 | $27.0M | $10.9M | +67.84% |
| Q2 2016 | 2016-06-30 | $19.6M | $2.9M | +17.63% |
| Q1 2016 | 2016-03-31 | $18.2M | $8.8M | +92.96% |
| Q4 2015 | 2015-12-31 | $15.6M | $6.4M | +68.77% |
| Q3 2015 | 2015-09-30 | $16.1M | $9.1M | +129.06% |
| Q2 2015 | 2015-06-30 | $16.7M | $7.1M | +73.71% |
| Q1 2015 | 2015-03-31 | $9.4M | $1.2M | +14.60% |
| Q4 2014 | 2014-12-31 | $9.2M | $2.8M | +44.35% |
| Q3 2014 | 2014-09-30 | $7.0M | $1.6M | +29.04% |
| Q2 2014 | 2014-06-30 | $9.6M | $5.2M | +117.80% |
| Q1 2014 | 2014-03-31 | $8.2M | $3.1M | +60.81% |
| Q4 2013 | 2013-12-31 | $6.4M | $2.0M | +44.14% |
| Q3 2013 | 2013-09-30 | $5.4M | $466,086 | +9.37% |
| Q2 2013 | 2013-06-30 | $4.4M | −$116,004 | −2.56% |
| Q1 2013 | 2013-03-31 | $5.1M | $1.1M | +26.53% |
| Q4 2012 | 2012-12-31 | $4.4M | $284,441 | +6.84% |
| Q3 2012 | 2012-09-30 | $5.0M | −$2.0M | −28.84% |
| Q2 2012 | 2012-06-30 | $4.5M | $63,108 | +1.41% |
| Q1 2012 | 2012-03-31 | $4.0M | −$379,220 | −8.58% |
| Q4 2011 | 2011-12-31 | $4.2M | — | — |
| Q3 2011 | 2011-09-30 | $7.0M | $4.0M | +136.79% |
| Q2 2011 | 2011-06-30 | $4.5M | $1.4M | +44.78% |
| Q1 2011 | 2011-03-31 | $4.4M | — | — |
| Q3 2010 | 2010-09-30 | $3.0M | — | — |
| Q2 2010 | 2010-06-30 | $3.1M | — | — |
Inovio Pharmaceuticals r&d spending trends
Over the last five fiscal years, Inovio Pharmaceuticals's r&d spending decreased from $94.2M to $54.2M, a change of −$40.0M. The latest reported quarter, Q2 2026, shows $10.8M.
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 Inovio Pharmaceuticals source filings ↗