Aquestive Therapeutics (AQST) Research & Development (2017 - 2026)
Aquestive Therapeutics' (AQST) quarterly Research & Development came in at $4.2 million in Q1 2026, down 21.58% year-on-year from $5.4 million in Q1 2025, and up 31.54% quarter-over-quarter from $3.2 million in Q4 2025.
Aquestive Therapeutics (AQST) Research & Development (2017 - 2026) Analysis & Trends
Aquestive Therapeutics' Research & Development history runs 10 years deep, the most recent figure standing at $4.2 million for Q1 2026.
- On a quarterly basis, Research & Development fell 21.58% year-over-year to $4.2 million in Q1 2026; TTM through Mar 2026 was $16.0 million, a 18.64% decrease from a year earlier, with the FY2025 full-year figure at $17.2 million, down 15.23% from the prior year.
- Research & Development advanced to $4.2 million in Q1 2026 per AQST's latest filing, from $3.2 million in the prior quarter.
- Across five years, Research & Development topped out at $5.9 million in Q1 2024 and bottomed at $2.9 million in Q4 2023.
- The 5-year median for Research & Development is $4.2 million (2026), against an average of $4.3 million.
- Across the five-year window, Research & Development soared 70.26% in 2024 and sank 35.0% in 2025, its largest moves.
- Year by year, Research & Development stood at $4.3 million in 2022, then tumbled by 32.49% to $2.9 million in 2023, then soared by 70.26% to $4.9 million in 2024, then sank by 35.0% to $3.2 million in 2025, then soared by 31.54% to $4.2 million in 2026.
- Per Business Quant, the three latest AQST Research & Development figures stand at $4.2 million (Q1 2026), $3.2 million (Q4 2025), and $4.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 88.07 Bn | 86.20 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.75 Bn | 32.01 Bn | 1.97 Bn | 696.00 Mn |
| 3 | Zoetis | 31.84 Bn | 29.90 Bn | 1.62 Bn | 180.00 Mn |
| 4 | Takeda Pharmaceutical | 27.18 Bn | 23.12 Bn | 4.39 Bn | 7.37 Bn |
| 5 | United Therapeutics | 23.09 Bn | 20.93 Bn | 648.10 Mn | 138.20 Mn |
| 6 | RedHill Biopharma | 21.32 Bn | 21.32 Bn | - | - |
| 7 | Viatris | 19.96 Bn | 18.16 Bn | 1.16 Bn | 248.60 Mn |
| 8 | Neurocrine Biosciences | 17.66 Bn | 16.34 Bn | 800.70 Mn | 296.20 Mn |
| 9 | Elanco Animal Health | 12.44 Bn | 12.02 Bn | 785.00 Mn | 97.00 Mn |
| 10 | Aquestive Therapeutics | 453.66 Mn | 453.66 Mn | 13.47 Mn | 4.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.20 Mn |
| Dec 31, 2025 | 3.20 Mn |
| Sep 30, 2025 | 4.53 Mn |
| Jun 30, 2025 | 4.11 Mn |
| Mar 31, 2025 | 5.36 Mn |
| Dec 31, 2024 | 4.92 Mn |
| Sep 30, 2024 | 5.27 Mn |
| Jun 30, 2024 | 4.16 Mn |
| Mar 31, 2024 | 5.93 Mn |
| Dec 31, 2023 | 2.89 Mn |
| Sep 30, 2023 | 3.20 Mn |
| Jun 30, 2023 | 3.47 Mn |
| Mar 31, 2023 | 3.55 Mn |
| Dec 31, 2022 | 4.28 Mn |
| Sep 30, 2022 | 3.23 Mn |
| Jun 30, 2022 | 5.20 Mn |
| Mar 31, 2022 | 4.77 Mn |
| Dec 31, 2021 | 4.40 Mn |
| Sep 30, 2021 | 4.73 Mn |
| Jun 30, 2021 | 4.26 Mn |