X4 Pharmaceuticals annual r&d spending
2016
2017
2018
2019
2020
2021
2022
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2024
2025
X4 Pharmaceuticals R&D Spending Growth & History (XFOR)
X4 Pharmaceuticals's r&d spending was $72.7M for fiscal 2025.
View full X4 Pharmaceuticals company overviewX4 Pharmaceuticals annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $72.7M | −$8.9M | −10.93% |
| 2024 | 2024-12-31 | $81.6M | $9.6M | +13.37% |
| 2023 | 2023-12-31 | $72.0M | $11.0M | +17.95% |
| 2022 | 2022-12-31 | $61.1M | $10.4M | +20.56% |
| 2021 | 2021-12-31 | $50.6M | $8.7M | +20.78% |
| 2020 | 2020-12-31 | $41.9M | $11.8M | +39.02% |
| 2019 | 2019-12-31 | $30.2M | $9.8M | +48.25% |
| 2018 | 2018-12-31 | $20.3M | $3.3M | +19.22% |
| 2017 | 2017-12-31 | $17.1M | −$765,000 | −4.29% |
| 2016 | 2016-12-31 | $17.8M | — | — |
X4 Pharmaceuticals quarterly r&d spending
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Q2.17
Q3.17
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Q2.18
Q3.18
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Q1.19
Q2.19
Q3.19
Q4.19
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
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Q3.24
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $15.1M | −$3.3M | −17.83% |
| Q1 2026 | 2026-03-31 | $15.4M | −$3.1M | −16.55% |
| Q4 2025 | 2025-12-31 | $18.5M | −$3.2M | −14.66% |
| Q3 2025 | 2025-09-30 | $17.3M | −$1.8M | −9.58% |
| Q2 2025 | 2025-06-30 | $18.4M | −$2.6M | −12.25% |
| Q1 2025 | 2025-03-31 | $18.5M | −$1.3M | −6.75% |
| Q4 2024 | 2024-12-31 | $21.7M | $6.4M | +42.10% |
| Q3 2024 | 2024-09-30 | $19.2M | $92,000 | +0.48% |
| Q2 2024 | 2024-06-30 | $20.9M | $5.3M | +34.06% |
| Q1 2024 | 2024-03-31 | $19.9M | −$2.2M | −10.01% |
| Q4 2023 | 2023-12-31 | $15.3M | −$3.7M | −19.68% |
| Q3 2023 | 2023-09-30 | $19.1M | $5.0M | +35.23% |
| Q2 2023 | 2023-06-30 | $15.6M | $1.8M | +12.88% |
| Q1 2023 | 2023-03-31 | $22.1M | $8.0M | +56.33% |
| Q4 2022 | 2022-12-31 | $19.0M | $6.9M | +56.34% |
| Q3 2022 | 2022-09-30 | $14.1M | $922,000 | +6.99% |
| Q2 2022 | 2022-06-30 | $13.8M | $628,000 | +4.76% |
| Q1 2022 | 2022-03-31 | $14.1M | $2.0M | +16.60% |
| Q4 2021 | 2021-12-31 | $12.2M | −$136,000 | −1.11% |
| Q3 2021 | 2021-09-30 | $13.2M | $1.8M | +15.88% |
| Q2 2021 | 2021-06-30 | $13.2M | $3.9M | +41.22% |
| Q1 2021 | 2021-03-31 | $12.1M | $3.2M | +35.83% |
| Q4 2020 | 2020-12-31 | $12.3M | $5.2M | +74.07% |
| Q3 2020 | 2020-09-30 | $11.4M | $2.8M | +32.51% |
| Q2 2020 | 2020-06-30 | $9.3M | $488,000 | +5.51% |
| Q1 2020 | 2020-03-31 | $8.9M | $3.3M | +57.58% |
| Q4 2019 | 2019-12-31 | $7.1M | $2.4M | +50.67% |
| Q3 2019 | 2019-09-30 | $8.6M | $2.4M | +39.48% |
| Q2 2019 | 2019-06-30 | $8.9M | $4.1M | +86.20% |
| Q1 2019 | 2019-03-31 | $5.7M | $911,000 | +19.20% |
| Q4 2018 | 2018-12-31 | $4.7M | — | — |
| Q3 2018 | 2018-09-30 | $6.2M | −$4.4M | −41.91% |
| Q2 2018 | 2018-06-30 | $4.8M | $849,000 | +21.74% |
| Q1 2018 | 2018-03-31 | $4.7M | $353,000 | +8.04% |
| Q3 2017 | 2017-09-30 | $10.6M | — | — |
| Q2 2017 | 2017-06-30 | $3.9M | — | — |
| Q1 2017 | 2017-03-31 | $4.4M | — | — |
X4 Pharmaceuticals r&d spending trends
Over the last five fiscal years, X4 Pharmaceuticals's r&d spending increased from $41.9M to $72.7M, a change of $30.8M. The latest reported quarter, Q2 2026, shows $15.1M.
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 X4 Pharmaceuticals source filings ↗