United Therapeutics annual r&d spending
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United Therapeutics R&D Spending Growth & History (UTHR)
United Therapeutics's r&d spending was $550.0M for fiscal 2025.
View full United Therapeutics company overviewUnited Therapeutics annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $550.0M | $69.0M | +14.35% |
| 2024 | 2024-12-31 | $481.0M | $73.0M | +17.89% |
| 2023 | 2023-12-31 | $408.0M | $85.1M | +26.35% |
| 2022 | 2022-12-31 | $322.9M | −$217.2M | −40.21% |
| 2021 | 2021-12-31 | $540.1M | $182.4M | +50.99% |
| 2020 | 2020-12-31 | $357.7M | −$824.9M | −69.75% |
| 2019 | 2019-12-31 | $1.18B | $824.7M | +230.43% |
| 2018 | 2018-12-31 | $357.9M | $93.3M | +35.26% |
| 2017 | 2017-12-31 | $264.6M | $117.0M | +79.27% |
| 2016 | 2016-12-31 | $147.6M | −$97.5M | −39.78% |
| 2015 | 2015-12-31 | $245.1M | $2.6M | +1.07% |
| 2014 | 2014-12-31 | $242.5M | −$56.8M | −18.99% |
| 2013 | 2013-12-31 | $299.3M | $126.0M | +72.65% |
| 2012 | 2012-12-31 | $173.4M | −$6.6M | −3.68% |
| 2011 | 2011-12-31 | $180.0M | $14.7M | +8.90% |
| 2010 | 2010-12-31 | $165.3M | $44.9M | +37.33% |
| 2009 | 2009-12-31 | $120.4M | −$118.8M | −49.67% |
| 2008 | 2008-12-31 | $239.2M | — | — |
United Therapeutics quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $146.3M | $12.3M | +9.18% |
| Q1 2026 | 2026-03-31 | $138.2M | −$10.8M | −7.25% |
| Q4 2025 | 2025-12-31 | $139.5M | $5.7M | +4.26% |
| Q3 2025 | 2025-09-30 | $127.5M | $24.0M | +23.19% |
| Q2 2025 | 2025-06-30 | $134.0M | −$5.6M | −4.01% |
| Q1 2025 | 2025-03-31 | $149.0M | $44.9M | +43.13% |
| Q4 2024 | 2024-12-31 | $133.8M | −$17.6M | −11.62% |
| Q3 2024 | 2024-09-30 | $103.5M | $18.8M | +22.20% |
| Q2 2024 | 2024-06-30 | $139.6M | $50.6M | +56.85% |
| Q1 2024 | 2024-03-31 | $104.1M | $21.2M | +25.57% |
| Q4 2023 | 2023-12-31 | $151.4M | $57.5M | +61.24% |
| Q3 2023 | 2023-09-30 | $84.7M | $18.6M | +28.14% |
| Q2 2023 | 2023-06-30 | $89.0M | −$4.9M | −5.22% |
| Q1 2023 | 2023-03-31 | $82.9M | $13.9M | +20.14% |
| Q4 2022 | 2022-12-31 | $93.9M | $11.0M | +13.27% |
| Q3 2022 | 2022-09-30 | $66.1M | −$13.1M | −16.54% |
| Q2 2022 | 2022-06-30 | $93.9M | $19.6M | +26.38% |
| Q1 2022 | 2022-03-31 | $69.0M | −$234.7M | −77.28% |
| Q4 2021 | 2021-12-31 | $82.9M | −$43.2M | −34.26% |
| Q3 2021 | 2021-09-30 | $79.2M | $10.5M | +15.28% |
| Q2 2021 | 2021-06-30 | $74.3M | −$15.4M | −17.17% |
| Q1 2021 | 2021-03-31 | $303.7M | $230.5M | +314.89% |
| Q4 2020 | 2020-12-31 | $126.1M | $12.5M | +11.00% |
| Q3 2020 | 2020-09-30 | $68.7M | −$17.0M | −19.84% |
| Q2 2020 | 2020-06-30 | $89.7M | $3.8M | +4.42% |
| Q1 2020 | 2020-03-31 | $73.2M | −$824.2M | −91.84% |
| Q4 2019 | 2019-12-31 | $113.6M | −$25.2M | −18.16% |
| Q3 2019 | 2019-09-30 | $85.7M | −$15.4M | −15.23% |
| Q2 2019 | 2019-06-30 | $85.9M | $3.6M | +4.37% |
| Q1 2019 | 2019-03-31 | $897.4M | $861.7M | +2413.73% |
| Q4 2018 | 2018-12-31 | $138.8M | $25.2M | +22.18% |
| Q3 2018 | 2018-09-30 | $101.1M | $46.1M | +83.82% |
| Q2 2018 | 2018-06-30 | $82.3M | $22.5M | +37.63% |
| Q1 2018 | 2018-03-31 | $35.7M | −$500,000 | −1.38% |
| Q4 2017 | 2017-12-31 | $113.6M | $47.5M | +71.86% |
| Q3 2017 | 2017-09-30 | $55.0M | $9.1M | +19.83% |
| Q2 2017 | 2017-06-30 | $59.8M | $24.6M | +69.89% |
| Q1 2017 | 2017-03-31 | $36.2M | $35.8M | +8950.00% |
| Q4 2016 | 2016-12-31 | $66.1M | −$9.8M | −12.89% |
| Q3 2016 | 2016-09-30 | $45.9M | $36.3M | +378.13% |
| Q2 2016 | 2016-06-30 | $35.2M | −$14.2M | −28.76% |
| Q1 2016 | 2016-03-31 | $400,000 | −$109.8M | −99.64% |
| Q4 2015 | 2015-12-31 | $75.9M | $4.4M | +6.22% |
| Q3 2015 | 2015-09-30 | $9.6M | −$109.3M | −91.92% |
| Q2 2015 | 2015-06-30 | $49.4M | $9.7M | +24.33% |
| Q1 2015 | 2015-03-31 | $110.2M | $97.8M | +785.38% |
| Q4 2014 | 2014-12-31 | $71.4M | −$50.1M | −41.23% |
| Q3 2014 | 2014-09-30 | $118.9M | $46.1M | +63.41% |
| Q2 2014 | 2014-06-30 | $39.7M | −$14.9M | −27.24% |
| Q1 2014 | 2014-03-31 | $12.4M | −$38.0M | −75.32% |
| Q4 2013 | 2013-12-31 | $121.6M | $84.1M | +224.35% |
| Q3 2013 | 2013-09-30 | $72.7M | $7.6M | +11.66% |
| Q2 2013 | 2013-06-30 | $54.6M | $17.5M | +47.22% |
| Q1 2013 | 2013-03-31 | $50.4M | $16.8M | +49.84% |
| Q4 2012 | 2012-12-31 | $37.5M | −$11.2M | −22.94% |
| Q3 2012 | 2012-09-30 | $65.2M | $5.7M | +9.63% |
| Q2 2012 | 2012-06-30 | $37.1M | $12.9M | +53.05% |
| Q1 2012 | 2012-03-31 | $33.7M | −$14.1M | −29.45% |
| Q4 2011 | 2011-12-31 | $48.6M | −$12.9M | −20.93% |
| Q3 2011 | 2011-09-30 | $59.4M | $19.1M | +47.34% |
| Q2 2011 | 2011-06-30 | $24.2M | −$4.3M | −15.21% |
| Q1 2011 | 2011-03-31 | $47.7M | $12.8M | +36.81% |
| Q4 2010 | 2010-12-31 | $61.5M | — | — |
| Q3 2010 | 2010-09-30 | $40.3M | $8.8M | +27.85% |
| Q2 2010 | 2010-06-30 | $28.6M | −$59,000 | −0.21% |
| Q1 2010 | 2010-03-31 | $34.9M | — | — |
| Q3 2009 | 2009-09-30 | $31.6M | — | — |
| Q2 2009 | 2009-06-30 | $28.6M | — | — |
United Therapeutics r&d spending trends
Over the last five fiscal years, United Therapeutics's r&d spending increased from $357.7M to $550.0M, a change of $192.3M. The latest reported quarter, Q2 2026, shows $146.3M.
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.
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