Quick Answer
EXICURE, INC. reported R&D Expense of $3.29 million for fiscal year 2025.
EXICURE, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $3.29M | — |
| 2024 | $0.00 | -100.0% |
| 2023 | $1.42M | -92.8% |
| 2022 | $19.77M | -59.6% |
| 2021 | $48.98M | +52.6% |
| 2020 | $32.09M | +65.9% |
| 2019 | $19.34M | +37.0% |
| 2018 | $14.12M | +7.9% |
| 2017 | $13.08M | -4.2% |
| 2016 | $13.66M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $888.0K | — | -5.0% |
| June 30, 2025 | $935.0K | — | +15.7% |
| March 31, 2025 | $808.0K | — | — |
| September 30, 2024 | $0.00 | — | — |
| June 30, 2024 | $0.00 | — | — |
| March 31, 2024 | $0.00 | -100.0% | — |
| September 30, 2023 | $0.00 | -100.0% | — |
| June 30, 2023 | $0.00 | -100.0% | -100.0% |
- Over the 2016–2025 period, EXICURE, INC.’s r&d expense has declined by 75.9% (from $13.66 million to $3.29 million).
- The most recent figure is from EXICURE, INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 25, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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