Insmed annual r&d spending
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2025
Insmed R&D Spending Growth & History (INSM)
Insmed's r&d spending was $771.1M for fiscal 2025.
View full Insmed company overviewInsmed annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $771.1M | $172.7M | +28.87% |
| 2024 | 2024-12-31 | $598.4M | $27.4M | +4.79% |
| 2023 | 2023-12-31 | $571.0M | $173.5M | +43.64% |
| 2022 | 2022-12-31 | $397.5M | $124.8M | +45.75% |
| 2021 | 2021-12-31 | $272.7M | $91.6M | +50.56% |
| 2020 | 2020-12-31 | $181.2M | $49.4M | +37.54% |
| 2019 | 2019-12-31 | $131.7M | −$13.6M | −9.34% |
| 2018 | 2018-12-31 | $145.3M | $35.5M | +32.38% |
| 2017 | 2017-12-31 | $109.7M | −$13.0M | −10.57% |
| 2016 | 2016-12-31 | $122.7M | $48.4M | +65.22% |
| 2015 | 2015-12-31 | $74.3M | $18.0M | +31.95% |
| 2014 | 2014-12-31 | $56.3M | $12.0M | +27.13% |
| 2013 | 2013-12-31 | $44.3M | $14.5M | +48.68% |
| 2012 | 2012-12-31 | $29.8M | $1.2M | +4.05% |
| 2011 | 2011-12-31 | $28.6M | $23.9M | +508.74% |
| 2010 | 2010-12-31 | $4.7M | −$4.5M | −48.93% |
| 2009 | 2009-12-31 | $9.2M | — | — |
Insmed quarterly r&d spending
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Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $210.0M | $32.8M | +18.54% |
| Q1 2026 | 2026-03-31 | $209.5M | $56.9M | +37.30% |
| Q4 2025 | 2025-12-31 | $254.9M | $75.2M | +41.83% |
| Q3 2025 | 2025-09-30 | $186.4M | $35.6M | +23.61% |
| Q2 2025 | 2025-06-30 | $177.2M | $30.4M | +20.74% |
| Q1 2025 | 2025-03-31 | $152.6M | $31.5M | +26.01% |
| Q4 2024 | 2024-12-31 | $179.7M | $42.7M | +31.16% |
| Q3 2024 | 2024-09-30 | $150.8M | $41.7M | +38.17% |
| Q2 2024 | 2024-06-30 | $146.7M | −$50.2M | −25.50% |
| Q1 2024 | 2024-03-31 | $121.1M | −$6.8M | −5.30% |
| Q4 2023 | 2023-12-31 | $137.0M | $12.3M | +9.83% |
| Q3 2023 | 2023-09-30 | $109.1M | $9.3M | +9.29% |
| Q2 2023 | 2023-06-30 | $197.0M | $108.4M | +122.50% |
| Q1 2023 | 2023-03-31 | $127.9M | $43.5M | +51.58% |
| Q4 2022 | 2022-12-31 | $124.8M | $48.4M | +63.41% |
| Q3 2022 | 2022-09-30 | $99.9M | $29.5M | +41.97% |
| Q2 2022 | 2022-06-30 | $88.5M | $23.9M | +36.92% |
| Q1 2022 | 2022-03-31 | $84.4M | $23.0M | +37.41% |
| Q4 2021 | 2021-12-31 | $76.4M | $8.5M | +12.59% |
| Q3 2021 | 2021-09-30 | $70.3M | $28.9M | +69.88% |
| Q2 2021 | 2021-06-30 | $64.7M | $28.9M | +80.86% |
| Q1 2021 | 2021-03-31 | $61.4M | $25.2M | +69.66% |
| Q4 2020 | 2020-12-31 | $67.8M | $35.2M | +107.83% |
| Q3 2020 | 2020-09-30 | $41.4M | $7.1M | +20.59% |
| Q2 2020 | 2020-06-30 | $35.7M | $2.2M | +6.59% |
| Q1 2020 | 2020-03-31 | $36.2M | $5.0M | +15.96% |
| Q4 2019 | 2019-12-31 | $32.6M | −$7.3M | −18.27% |
| Q3 2019 | 2019-09-30 | $34.3M | −$5.2M | −13.15% |
| Q2 2019 | 2019-06-30 | $33.5M | −$2.2M | −6.11% |
| Q1 2019 | 2019-03-31 | $31.2M | $1.1M | +3.67% |
| Q4 2018 | 2018-12-31 | $39.9M | $6.0M | +17.60% |
| Q3 2018 | 2018-09-30 | $39.5M | $12.9M | +48.22% |
| Q2 2018 | 2018-06-30 | $35.7M | $8.9M | +32.94% |
| Q1 2018 | 2018-03-31 | $30.1M | $7.8M | +35.25% |
| Q4 2017 | 2017-12-31 | $33.9M | −$20.9M | −38.13% |
| Q3 2017 | 2017-09-30 | $26.7M | $3.2M | +13.84% |
| Q2 2017 | 2017-06-30 | $26.9M | $3.0M | +12.57% |
| Q1 2017 | 2017-03-31 | $22.3M | $1.7M | +8.31% |
| Q4 2016 | 2016-12-31 | $54.9M | $35.2M | +179.29% |
| Q3 2016 | 2016-09-30 | $23.4M | $4.2M | +21.91% |
| Q2 2016 | 2016-06-30 | $23.9M | $5.6M | +30.83% |
| Q1 2016 | 2016-03-31 | $20.5M | $3.4M | +19.71% |
| Q4 2015 | 2015-12-31 | $19.6M | $4.8M | +32.75% |
| Q3 2015 | 2015-09-30 | $19.2M | $4.0M | +26.45% |
| Q2 2015 | 2015-06-30 | $18.2M | $3.3M | +22.11% |
| Q1 2015 | 2015-03-31 | $17.2M | $5.8M | +51.21% |
| Q4 2014 | 2014-12-31 | $14.8M | $5.2M | +53.76% |
| Q3 2014 | 2014-09-30 | $15.2M | $3.1M | +25.67% |
| Q2 2014 | 2014-06-30 | $14.9M | $2.7M | +22.22% |
| Q1 2014 | 2014-03-31 | $11.4M | $1.0M | +9.84% |
| Q4 2013 | 2013-12-31 | $9.6M | −$2.0M | −16.96% |
| Q3 2013 | 2013-09-30 | $12.1M | $6.4M | +111.97% |
| Q2 2013 | 2013-06-30 | $12.2M | $4.5M | +57.84% |
| Q1 2013 | 2013-03-31 | $10.3M | $5.6M | +118.06% |
| Q4 2012 | 2012-12-31 | $11.6M | $4.4M | +60.45% |
| Q3 2012 | 2012-09-30 | $5.7M | −$1.2M | −17.70% |
| Q2 2012 | 2012-06-30 | $7.7M | −$961,000 | −11.04% |
| Q1 2012 | 2012-03-31 | $4.7M | −$1.0M | −17.73% |
| Q4 2011 | 2011-12-31 | $7.2M | — | — |
| Q3 2011 | 2011-09-30 | $6.9M | $6.2M | +801.56% |
| Q2 2011 | 2011-06-30 | $8.7M | $7.8M | +874.92% |
| Q1 2011 | 2011-03-31 | $5.8M | — | — |
| Q3 2010 | 2010-09-30 | $769,000 | — | — |
| Q2 2010 | 2010-06-30 | $893,000 | — | — |
Insmed r&d spending trends
Over the last five fiscal years, Insmed's r&d spending increased from $181.2M to $771.1M, a change of $589.9M. The latest reported quarter, Q2 2026, shows $210.0M.
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 Insmed source filings ↗