Insmed Other external R&D expenses — R&D decreased by 11.1% to $32.68M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.4%, from $28.08M to $32.68M. Over 3 years (FY 2022 to FY 2025), Other external R&D expenses — R&D shows an upward trend with a 56.0% CAGR.
An increase may indicate expanded investment in early-stage discovery or platform technology, while a decrease could suggest a focus on cost-cutting or a shift toward prioritizing specific late-stage clinical assets.
This metric represents the costs incurred for outsourced research and development activities that are not directly attri...
Peers in the biopharmaceutical industry often report this as 'Other R&D' or 'Unallocated R&D' expenses, which typically fluctuate based on the maturity of the pipeline and the intensity of early-stage discovery efforts.
insm_segment_other_external_r_d_expenses_research_and_development| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.55M | $8.55M | $8.55M | $8.55M | $33.16M | $33.16M | $33.16M | $33.16M | $13.28M | $14.92M | $26.92M | $35.49M | $28.08M | $28.45M | $36.58M | $36.76M | $32.68M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +287.9% | +0.0% | +0.0% | +0.0% | -60.0% | +12.4% | +80.5% | +31.9% | -20.9% | +1.3% | +28.6% | +0.5% | -11.1% |
| YoY Change | — | — | — | — | +287.9% | +287.9% | +287.9% | +287.9% | -60.0% | -55.0% | -18.8% | +7.0% | +111.5% | +90.7% | +35.9% | +3.6% | +16.4% |