Discontinued — last reported Q4 '17

Non-Current Assets

Indefinite-Lived Research and Development Assets

Merck & Co. Indefinite-Lived Research and Development Assets increased by 35.0% to $4.13B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 35.0%, from $3.06B to $4.13B. Over 4 years (FY 2021 to FY 2025), Indefinite-Lived Research and Development Assets shows an upward trend with a 97.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ3 2015
Last reportedQ4 2017

How to read this metric

An increase indicates active investment in future technology, while a decrease may signal project completion or impairment.

Detailed definition

These are acquired in-process research and development (IPR&D) projects that have not yet reached technological feasibil...

Peer comparison

Common in technology and pharmaceutical sectors following M&A activity.

Metric ID: indefinite_lived_rd_assets

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$274.00M$1.34B$2.10B$3.06B$4.13B
QoQ Change+389.4%+56.5%+45.9%+35.0%
YoY Change+389.4%+56.5%+45.9%+35.0%
Range$274.00M$4.13B
CAGR>999%
Avg YoY Growth+131.7%
Median YoY Growth+51.2%
Current Streak4+ quarters growth

Product Breakdown

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Indefinite-Lived Research and Development Assets at Other Companies

Frequently Asked Questions

What is Merck & Co.'s indefinite-lived research and development assets?
Merck & Co. (MRK) reported indefinite-lived research and development assets of $4.13B in Q4 2025.
How has Merck & Co.'s indefinite-lived research and development assets changed year-over-year?
Merck & Co.'s indefinite-lived research and development assets increased by 35.0% year-over-year, from $3.06B to $4.13B.
What is the long-term trend for Merck & Co.'s indefinite-lived research and development assets?
Over 4 years (2021 to 2025), Merck & Co.'s indefinite-lived research and development assets has grown at a 97.1% compound annual growth rate (CAGR), from $274.00M to $4.13B.
What does indefinite-lived research and development assets mean?
The value of research projects acquired from other companies that are still in progress.

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