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R&D at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
$2.65B+17.4%
Eli Lilly logo
Eli LillyLLY
$3.51B+28.4%
Merck & Co. logo
Merck & Co.MRK
$12.59B+248%
BioMarin Pharmaceuticals logo
BioMarin PharmaceuticalsBMRN
$178.8M+12.6%
Medtronic logo
MedtronicMDT
$671M-1.9%

Other financials

Income statement

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Revenue$19.4M+1,126%
Operating income-$183.6M-18.0%
Net income-$206.0M-27.7%
EPS (diluted)-$1.67-22.8%

Balance sheet

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Cash & equivalents$129.8M+76.2%
Total debt$418.2M+75.8%
Total equity-$826.6M-210%
Total assets$1.3B+0.7%

Cash flow

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Operating cash flow-$145.5M-10.5%
CapEx$5.9M+4.7%
Free cash flow-$151.4M-10.3%

Valuation

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Market cap$10.7B+70.6%
Enterprise value$10.98B+70.7%
P/S101.1×-225×

Profitability

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Operating margin-605.1%-268pp
Net margin-784%-337pp
FCF margin-518.8%-223pp

Returns & leverage

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Return on equity-337.6%
Debt / equity2.2×
Current ratio4.2×-1.8×

Where this comes from

Reported directly by Cytokinetics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Cytokinetics’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cytokinetics's R&D?
Cytokinetics (CYTK) reported R&D of $95.53M in Q1 2026.
How has Cytokinetics's R&D changed year-over-year?
Cytokinetics's R&D decreased by 2.8% year-over-year, from $98.26M to $95.53M.
What is the long-term trend for Cytokinetics's R&D?
Over 4 years (2021 to 2025), Cytokinetics's R&D has grown at a 26.9% compound annual growth rate (CAGR), from $159.94M to $414.45M.
What does R&D mean?
The costs associated with creating new products or improving existing ones.
How do you interpret R&D?
Higher spending reflects a commitment to innovation and pipeline expansion, though it directly reduces current profitability.
How does R&D compare across companies?
High R&D intensity is typical for pre-commercial biotech companies compared to mature pharmaceutical firms.