Aquestive Therapeutics (AQST) Research & Development (2017 - 2026)

Aquestive Therapeutics (AQST) recorded quarterly Research & Development of $4.2 million in Q1 2026, up 31.54% quarter-over-quarter from $3.2 million in Q4 2025, and down 21.58% on a YoY basis from $5.4 million in Q1 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.

  • In Q1 2026, Research & Development fell 21.58% year-over-year to $4.2 million; the TTM figure through Mar 2026 stood at $16.0 million (down 18.64% YoY), while the FY2025 annual figure was $17.2 million, down 15.23% from the prior year.
  • Research & Development was $4.2 million for Q1 2026 at Aquestive Therapeutics, up from $3.2 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $5.9 million in Q1 2024 to a low of $2.9 million in Q4 2023.
  • Historically, Research & Development has averaged $4.3 million across 5 years, with a median of $4.2 million in 2026.
  • The sharpest annual moves came in 2024 and 2025: Research & Development jumped 70.26% in 2024, then sank 35.0% in 2025.
  • A 5-year view of Research & Development shows it stood at $4.3 million in 2022, then sank by 32.49% to $2.9 million in 2023, then soared by 70.26% to $4.9 million in 2024, then tumbled by 35.0% to $3.2 million in 2025, then soared by 31.54% to $4.2 million in 2026.
  • The last three Research & Development figures came in at $4.2 million (Q1 2026), $3.2 million (Q4 2025), and $4.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 222.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 180.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 138.20 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 934,363.43
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 296.20 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 97.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 103.35 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 46.94 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 39.38 Mn
10 Aquestive Therapeutics 488.60 Mn 377.87 Mn 10.98 Mn 4.20 Mn

Historic Data

Download Data
DateValue
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