What is Amphastar Pharmaceuticals's R&D?

Amphastar Pharmaceuticals (AMPH) reported R&D of $26.74M in Q1 2026.

How has Amphastar Pharmaceuticals's R&D changed year-over-year?

Amphastar Pharmaceuticals's R&D increased by 33.0% year-over-year, from $20.1M to $26.74M.

What is the long-term trend for Amphastar Pharmaceuticals's R&D?

Over 4 years (2021 to 2025), Amphastar Pharmaceuticals's R&D has grown at a 8.9% compound annual growth rate (CAGR), from $60.93M to $85.84M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Amphastar Pharmaceuticals AMPH R&D

R&D at other companies

Halozyme TherapeuticsHALO

$25.56M+72.7%

ViatrisVTRS

$248.6M+12.0%

Opko HealthOPK

$29.2M-5.3%

ARS Pharmaceuticals, Inc.SPRY

$4.34M+46.9%

Amneal Pharmaceuticals, Inc.AMRX

$38.38M-4.1%

Axsome TherapeuticsAXSM

$52.68M+17.6%

Other financials

Income statement

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Revenue$171.2M+0.4%

Gross profit$70.3M-17.5%

Operating income$13.6M-63.5%

Net income$6.4M-74.6%

EPS (diluted)$0.14-72.5%

Balance sheet

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Cash & equivalents$170.9M-6.5%

Total debt$686.6M+5.2%

Total equity$445.5M—

Total assets$1.6B+1.3%

Cash flow

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Operating cash flow$47.8M+36.4%

CapEx$9.5M-11.1%

Free cash flow$38.3M+57.2%

Valuation

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Market cap$926.83M-19.9%

Enterprise value$1.44B-11.3%

P/E11.7×+3.5×

P/S1.3×-0.3×

Profitability

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Gross margin47.3%-3.2pp

Operating margin16.2%-10.4pp

Net margin11%-8.4pp

FCF margin18.8%-1.8pp

Returns & leverage

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Return on equity14.7%—

Debt / equity0.2×—

Current ratio3.9×+0.9×

Where this comes from

Reported directly by Amphastar Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Amphastar Pharmaceuticals’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amphastar Pharmaceuticals's R&D?: Amphastar Pharmaceuticals (AMPH) reported R&D of $26.74M in Q1 2026.
How has Amphastar Pharmaceuticals's R&D changed year-over-year?: Amphastar Pharmaceuticals's R&D increased by 33.0% year-over-year, from $20.1M to $26.74M.
What is the long-term trend for Amphastar Pharmaceuticals's R&D?: Over 4 years (2021 to 2025), Amphastar Pharmaceuticals's R&D has grown at a 8.9% compound annual growth rate (CAGR), from $60.93M to $85.84M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.