What is Kymera Therapeutics's R&D?

Kymera Therapeutics (KYMR) reported R&D of $98.16M in Q1 2026.

How has Kymera Therapeutics's R&D changed year-over-year?

Kymera Therapeutics's R&D increased by 22.3% year-over-year, from $80.26M to $98.16M.

What is the long-term trend for Kymera Therapeutics's R&D?

Over 4 years (2021 to 2025), Kymera Therapeutics's R&D has grown at a 23.3% compound annual growth rate (CAGR), from $137.02M to $316.57M.

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

Kymera Therapeutics KYMR R&D

R&D at other companies

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$1.54B+16.3%

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$15.33M+7.5%

Spyre Therapeutics, Inc.SYRE

$60.41M+45.1%

ImmunityBio, Inc.IBRX

——

Protagonist TherapeuticsPTGX

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Immunovant, Inc.IMVT

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Other financials

Income statement

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Revenue$34.4M+55.5%

Operating income-$84.2M-13.1%

Net income-$69.2M-5.6%

EPS (diluted)-$0.71+13.4%

Balance sheet

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Cash & equivalents$144.1M+60.2%

Total debt$82.2M-6.5%

Total equity$1.5B+95.8%

Total assets$1.7B+81.7%

Cash flow

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Operating cash flow-$88.8M-12.2%

CapEx$434.0K-7.1%

Free cash flow-$89.3M-12.1%

Valuation

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Market cap$7.44B+283%

Enterprise value$7.38B+280%

P/S144.5×+111×

Profitability

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Operating margin-697.7%+635pp

Net margin-612%+602pp

FCF margin-474%+92.4pp

Returns & leverage

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Return on equity-27.1%-3.7pp

Debt / equity0.1×-0.1×

Current ratio10.8×+2.3×

Where this comes from

Reported directly by Kymera Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Kymera Therapeutics’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kymera Therapeutics's R&D?: Kymera Therapeutics (KYMR) reported R&D of $98.16M in Q1 2026.
How has Kymera Therapeutics's R&D changed year-over-year?: Kymera Therapeutics's R&D increased by 22.3% year-over-year, from $80.26M to $98.16M.
What is the long-term trend for Kymera Therapeutics's R&D?: Over 4 years (2021 to 2025), Kymera Therapeutics's R&D has grown at a 23.3% compound annual growth rate (CAGR), from $137.02M to $316.57M.
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.