What is Arcus Biosciences's R&D?

Arcus Biosciences (RCUS) reported R&D of $122M in Q1 2026.

How has Arcus Biosciences's R&D changed year-over-year?

Arcus Biosciences's R&D decreased by 0.0% year-over-year, from $122M to $122M.

What is the long-term trend for Arcus Biosciences's R&D?

Over 4 years (2021 to 2025), Arcus Biosciences's R&D has grown at a 19.4% compound annual growth rate (CAGR), from $257M to $523M.

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

Arcus Biosciences RCUS R&D

R&D at other companies

Bristol-Myers SquibbBMY

$2.65B+17.4%

Merck & Co.MRK

$12.59B+248%

Regeneron PharmaceuticalsREGN

$1.54B+16.3%

ImmunomeIMNM

$46.38M+25.8%

IDEAYA Biosciences, Inc.IDYA

$95.73M+35.0%

IncyteINCY

$515.9M+18.0%

Other financials

Income statement

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Revenue$17.0M-39.3%

Operating income-$134.0M-9.8%

Net income-$128.0M-14.3%

EPS (diluted)-$1.02+10.5%

Balance sheet

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Cash & equivalents$201.0M+4.7%

Total debt$113.0M+88.3%

Total equity$524.0M-1.3%

Total assets$997.0M-13.8%

Cash flow

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Operating cash flow-$138.0M-4.5%

CapEx--100%

Free cash flow-$138.0M-3.8%

Valuation

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Market cap$3.54B+226%

Enterprise value$3.46B+275%

P/S15×+7.3×

Profitability

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Operating margin-168.6%-52.7pp

Net margin-156.4%-47.5pp

FCF margin-207.2%—

Returns & leverage

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Return on equity-70%+8.4pp

Debt / equity0.2×+0.1×

Current ratio4×-1.3×

Where this comes from

Reported directly by Arcus Biosciences in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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

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Questions, answered.

What is Arcus Biosciences's R&D?: Arcus Biosciences (RCUS) reported R&D of $122M in Q1 2026.
How has Arcus Biosciences's R&D changed year-over-year?: Arcus Biosciences's R&D decreased by 0.0% year-over-year, from $122M to $122M.
What is the long-term trend for Arcus Biosciences's R&D?: Over 4 years (2021 to 2025), Arcus Biosciences's R&D has grown at a 19.4% compound annual growth rate (CAGR), from $257M to $523M.
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.