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| 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 |