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Summit Therapeutics SMMT Business Segments — R&D

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Other financials

Income statement

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Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.79B-49.0%
Enterprise value$10.81B-49.0%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Summit Therapeutics’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 5:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001599298-26-000039
Line itemThree Months Ended March 31, 20262025
Oncology clinical trial related costs$90,195$36,363
Compensation related costs, excluding stock-based compensation26,43215,854
Stock-based compensation72,79111,096
Other expenses (1)5,7943,538
Total segment expenses195,21266,851
Other income, net5,7883,938
Net loss$(189,424)$(62,913)

Item 1. Financial Statements.

FAQ

What is Summit Therapeutics's business segments — R&D?
Summit Therapeutics (SMMT) reported business segments — R&D of $90.2M in Q1 2026.
How has Summit Therapeutics's business segments — R&D changed year-over-year?
Summit Therapeutics's business segments — R&D increased by 148.0% year-over-year, from $36.36M to $90.2M.
What does business segments — R&D mean?
Represents the costs incurred by the business segment for internal research and development activities aimed at discovering and developing new pharmaceutical products. This includes clinical trial expenses, laboratory research, and regulatory filing costs necessary to bring drug candidates to market.

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