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
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