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R&D at other companies

Merck & Co. logo
Merck & Co.MRK
$12.59B+248%
Moderna logo
ModernaMRNA
$649M-24.2%
Krystal Biotech, Inc. logo
Krystal Biotech, Inc.KRYS
$15.33M+7.5%
ImmunityBio, Inc. logo
ImmunityBio, Inc.IBRX

Segments

By segment

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Reportable Segment$256.43M+147%

Other financials

Income statement

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Operating income-$345.9M-91.3%
Net income-$320.6M-128%
EPS (diluted)-$2.30-121%

Balance sheet

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Cash & equivalents$262.3M-24.7%
Total debt$116.3M+33.5%
Total equity$3.0B-6.4%
Total assets$3.3B-0.9%

Cash flow

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Operating cash flow-$280.6M-68.8%
CapEx$2.1M-61.2%
Free cash flow-$282.7M-64.7%

Valuation

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Market cap$7.43B+72.0%
Enterprise value$7.28B+78.6%

Returns & leverage

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Return on equity-30.6%+37.9pp
Debt / equity0.0×
Current ratio7.5×-10.2×

Where this comes from

Reported directly by Vaxcyte, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Vaxcyte, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vaxcyte, Inc.'s R&D?
Vaxcyte, Inc. (PCVX) reported R&D of $312.78M in Q1 2026.
How has Vaxcyte, Inc.'s R&D changed year-over-year?
Vaxcyte, Inc.'s R&D increased by 111.1% year-over-year, from $148.13M to $312.78M.
What is the long-term trend for Vaxcyte, Inc.'s R&D?
Over 4 years (2021 to 2025), Vaxcyte, Inc.'s R&D has grown at a 78.4% compound annual growth rate (CAGR), from $78.41M to $794.31M.
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.