Update date
31 Dec 2025
Shareable Research Card
ANNX - Annexon, Inc. Research and Development Expense
This metric view shows ANNX - Annexon, Inc. research and development expense history from SEC company facts.
Use it to verify the latest reported value, compare nearby periods, and jump to a cross-company ranking when a curated insight exists.
- Context
- Latest reported period: Q4 2025
- Latest reported value
- $42,659,000
Based on company facts extracted from SEC 10-Q/10-K XBRL filings where available. Values may differ by reporting period and company taxonomy.
Return Loop
Why revisit this metric view
This metric history becomes more useful after the next quarterly or annual filing because the latest reported value, period, and company comparison context can all change.
- Latest source-backed update
- Latest period end 31 Dec 2025
- Why come back
- Return after the next filing to verify whether this metric changed and how it compares with the ranking page.
- Current latest reported period: Q4 2025.
- Latest reported value on this page: $42,659,000.
- Save this filer if you want to compare the next reported value with this history.
Metric freshness comes from the latest SEC company fact available for this taxonomy tag and the paired company facts page.
Latest update
Latest update for Research and Development Expense
Latest reported research and development expense: $42,659,000. Open the source-backed page to compare this metric with the newest filing-backed context.
Page type
Metric history
Latest period
Q4 2025
SEC-backed company facts were refreshed from filings filed on 30 Mar 2026.
Benchmark Context
How Research and Development Expense compares with peers
Annexon, Inc. is outside the visible top 120 companies for research and development expense in the current sample.
Compared with
Compared with 120 companies reporting research and development expense in USD. This keeps the comparison on the same metric and unit family.
Why this is notable
This is about 0x the current sample midpoint. Research and Development Expense is down about 1.6% versus the comparable prior period.
- Visible rows currently span reported period ends from 31 Dec 2012 to 28 Feb 2026.
- Nearby companies in this sample: Meta Platforms, Inc. and Alphabet Inc..
- Peer rows use the latest valid value per company for this exact metric and compatible units.
Peer comparisons use the same metric and compatible units only. Latest reported periods may differ across companies, so open each company page before drawing conclusions.
Plain-English Guide
What Research and Development Expense means
R&D expense is what the company reports spending on research and development during the period.
Why people care
It helps users understand how heavily the company is investing in future products, platforms, or technology.
How to read it
Compare R&D with revenue and operating income so you can see whether innovation spending is growing faster than the rest of the business.
Compare next
Compare it with revenue, operating income, and capex to understand the mix between current spending and long-term investment.
R&D intensity varies widely by industry, so peer comparisons are most useful when businesses are genuinely comparable.
Open a live SEC-backed example
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Create a free account to keep this page in your watchlists and return after a new SEC filing changes the record here.
Financial Metric Page
Annexon, Inc.: Research and Development Expense
Latest period: Q4 2025. Period end: 31 Dec 2025. Units: USD. Frequency: quarterly and annual.
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
Metric Snapshot
- Latest value
- $42,659,000
- Coverage range
- 30 Jun 2019 - 31 Dec 2025
- Fact rows
- 33
What This Metric Tells You
- Shows the reported level of research and development expense over 30 Jun 2019 - 31 Dec 2025.
- Includes year-over-year change points to highlight acceleration or slowdown.
- Built from 33 SEC fact rows for this metric and issuer.
How To Read This Chart
- Start with the latest point, then compare it with the prior periods to see direction.
- Use quarterly sequence to compare like-for-like periods.
- Use YoY change bars to separate growth from contraction across matching periods.
- Use the TTM line to smooth quarter-to-quarter noise.
Official SEC Source
Source: SEC Company Facts
Based on company facts extracted from SEC 10-Q/10-K XBRL filings where available. Reporting periods may differ by company.
Compare This Metric Across Companies
Compare latest available Research and Development Expense levels across SEC-reporting companies, then open each company metric page for SEC-backed verification. Reporting periods may differ by company.
Which companies spend the most on R&D?
| Rank | Company | Latest value | Reported period | Next step |
|---|---|---|---|---|
| 1 | Meta Platforms, Inc. (meta) | $57,372,000,000 | Year - 31 Dec 2025 | Open Meta Platforms, Inc. Research and Development Expense |
| 2 | Alphabet Inc. (googl) | $18,572,000,000 | Quarter - 31 Dec 2025 | Open Alphabet Inc. Research and Development Expense |
| 3 | INTEL CORP (intc) | $13,774,000,000 | Year - 27 Dec 2025 | Open INTEL CORP Research and Development Expense |
| 4 | Apple Inc. (aapl) | $10,887,000,000 | Quarter - 27 Dec 2025 | Open Apple Inc. Research and Development Expense |
| 5 | FORD MOTOR CO (f) | $9,400,000,000 | Year - 31 Dec 2025 | Open FORD MOTOR CO Research and Development Expense |
| 6 | TOYOTA MOTOR CORP/ (tm) | $8,585,000,000 | Year - 31 Mar 2013 | Open TOYOTA MOTOR CORP/ Research and Development Expense |
Metric Details
- Metric
- Research and Development Expense (ResearchAndDevelopmentExpense)
- Taxonomy
- us-gaap
- Units tracked
- USD
- Frequency coverage
- quarterly and annual
- History range
- 30 Jun 2019 - 31 Dec 2025
- Facts on this page
- 33
- Description
- The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
- Metric-level SEC endpoint
- Open SEC company concept
Chart Context
Compare periods with the same frequency first, then use YoY and TTM series to confirm whether changes are structural or one-off.
Research and Development Expense, Trailing 12 Months (USD)
Research and Development Expense, Quarterly (USD)
Research and Development Expense, YoY Quarterly Change (%)
Research and Development Expense, Annual (USD)
Research and Development Expense, YoY Annual Change (%)
Annexon, Inc. Quarterly Research and Development Expense (USD)
| Period | TTM Value | Value | YoY Chg | Change % | Start Date | End Date | Report | Filed | Fiscal Year | Fiscal Period |
|---|---|---|---|---|---|---|---|---|---|---|
| Q4 2025 | $184,698,000 | $42,659,000 | -$695,000 | -1.6% | 01 Oct 2025 | 31 Dec 2025 | 10-K | 30 Mar 2026 | 2025 | FY |
| Q3 2025 | $185,393,000 | $49,700,000 | +$19,595,000 | +65% | 01 Jul 2025 | 30 Sep 2025 | 10-Q | 10 Nov 2025 | 2025 | Q3 |
| Q2 2025 | $165,798,000 | $44,160,000 | +$19,134,000 | +76% | 01 Apr 2025 | 30 Jun 2025 | 10-Q | 14 Aug 2025 | 2025 | Q2 |
| Q1 2025 | $146,664,000 | $48,179,000 | +$27,216,000 | +130% | 01 Jan 2025 | 31 Mar 2025 | 10-Q | 12 May 2025 | 2025 | Q1 |
| Q4 2024 | $119,448,000 | $43,354,000 | +$20,087,000 | +86% | 01 Oct 2024 | 31 Dec 2024 | 10-K | 30 Mar 2026 | 2025 | FY |
| Q3 2024 | $99,361,000 | $30,105,000 | +$2,212,000 | +7.9% | 01 Jul 2024 | 30 Sep 2024 | 10-Q | 10 Nov 2025 | 2025 | Q3 |
| Q2 2024 | $97,149,000 | $25,026,000 | -$5,225,000 | -17% | 01 Apr 2024 | 30 Jun 2024 | 10-Q | 14 Aug 2025 | 2025 | Q2 |
| Q1 2024 | $102,374,000 | $20,963,000 | -$11,382,000 | -35% | 01 Jan 2024 | 31 Mar 2024 | 10-Q | 12 May 2025 | 2025 | Q1 |
| Q4 2023 | $113,756,000 | $23,267,000 | -$5,268,000 | -18% | 01 Oct 2023 | 31 Dec 2023 | 10-K | 03 Mar 2025 | 2024 | FY |
| Q3 2023 | $119,024,000 | $27,893,000 | +$31,000 | +0.11% | 01 Jul 2023 | 30 Sep 2023 | 10-Q | 14 Nov 2024 | 2024 | Q3 |
| Q2 2023 | $118,993,000 | $30,251,000 | +$1,145,000 | +3.9% | 01 Apr 2023 | 30 Jun 2023 | 10-Q | 12 Aug 2024 | 2024 | Q2 |
| Q1 2023 | $117,848,000 | $32,345,000 | +$5,347,000 | +20% | 01 Jan 2023 | 31 Mar 2023 | 10-Q | 13 May 2024 | 2024 | Q1 |
| Q4 2022 | $112,501,000 | $28,535,000 | +$1,318,000 | +4.8% | 01 Oct 2022 | 31 Dec 2022 | 10-K | 26 Mar 2024 | 2023 | FY |
| Q3 2022 | $111,183,000 | $27,862,000 | +$281,000 | +1% | 01 Jul 2022 | 30 Sep 2022 | 10-Q | 13 Nov 2023 | 2023 | Q3 |
| Q2 2022 | $110,902,000 | $29,106,000 | +$4,534,000 | +18% | 01 Apr 2022 | 30 Jun 2022 | 10-Q | 07 Aug 2023 | 2023 | Q2 |
| Q1 2022 | $106,368,000 | $26,998,000 | +$6,302,000 | +30% | 01 Jan 2022 | 31 Mar 2022 | 10-Q | 08 May 2023 | 2023 | Q3 |
| Q4 2021 | $100,066,000 | $27,217,000 | +$9,225,000 | +51% | 01 Oct 2021 | 31 Dec 2021 | 10-K | 06 Mar 2023 | 2022 | FY |
| Q3 2021 | $90,841,000 | $27,581,000 | +$15,806,000 | +134% | 01 Jul 2021 | 30 Sep 2021 | 10-Q | 03 Nov 2022 | 2022 | Q3 |
| Q2 2021 | $75,035,000 | $24,572,000 | +$15,285,000 | +165% | 01 Apr 2021 | 30 Jun 2021 | 10-Q | 08 Aug 2022 | 2022 | Q2 |
| Q1 2021 | $59,750,000 | $20,696,000 | +$10,479,000 | +103% | 01 Jan 2021 | 31 Mar 2021 | 10-Q | 09 May 2022 | 2022 | Q1 |
| Q4 2020 | $49,271,000 | $17,992,000 | 01 Oct 2020 | 31 Dec 2020 | 10-K | 01 Mar 2022 | 2021 | FY | ||
| Q3 2020 | $11,775,000 | +$4,686,000 | +66% | 01 Jul 2020 | 30 Sep 2020 | 10-Q | 09 Nov 2021 | 2021 | Q3 | |
| Q2 2020 | $9,287,000 | +$3,300,000 | +55% | 01 Apr 2020 | 30 Jun 2020 | 10-Q | 16 Aug 2021 | 2021 | Q2 | |
| Q1 2020 | $10,217,000 | 01 Jan 2020 | 31 Mar 2020 | 10-Q | 17 May 2021 | 2021 | Q1 | |||
| Q3 2019 | $7,089,000 | 01 Jul 2019 | 30 Sep 2019 | 10-Q | 16 Nov 2020 | 2020 | Q3 | |||
| Q2 2019 | $5,987,000 | 01 Apr 2019 | 30 Jun 2019 | 10-Q | 08 Sep 2020 | 2020 | Q2 |
Annexon, Inc. Annual Research and Development Expense (USD)
| Period | Value | YoY Chg | Change % | Start Date | End Date | Report | Filed | Fiscal Year | Fiscal Period |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $184,698,000 | +$65,250,000 | +55% | 01 Jan 2025 | 31 Dec 2025 | 10-K | 30 Mar 2026 | 2025 | FY |
| 2024 | $119,448,000 | +$5,692,000 | +5% | 01 Jan 2024 | 31 Dec 2024 | 10-K | 30 Mar 2026 | 2025 | FY |
| 2023 | $113,756,000 | +$1,255,000 | +1.1% | 01 Jan 2023 | 31 Dec 2023 | 10-K | 03 Mar 2025 | 2024 | FY |
| 2022 | $112,501,000 | +$12,435,000 | +12% | 01 Jan 2022 | 31 Dec 2022 | 10-K | 26 Mar 2024 | 2023 | FY |
| 2021 | $100,066,000 | +$50,795,000 | +103% | 01 Jan 2021 | 31 Dec 2021 | 10-K | 06 Mar 2023 | 2022 | FY |
| 2020 | $49,271,000 | +$24,747,000 | +101% | 01 Jan 2020 | 31 Dec 2020 | 10-K | 01 Mar 2022 | 2021 | FY |
| 2019 | $24,524,000 | 01 Jan 2019 | 31 Dec 2019 | 10-K | 25 Mar 2021 | 2020 | FY |
* An asterisk sign (*) next to the value indicates that the value is likely invalid.