Belite Bio (BLTE) Research & Development (2022 - 2026)

Belite Bio's (BLTE) quarterly Research & Development came in at $15.7 million in Q1 2026, up 66.68% year-on-year from $9.4 million in Q1 2025, and down 99.89% quarter-over-quarter from $14.6 billion in Q4 2025.

Belite Bio (BLTE) Research & Development (2022 - 2026) Analysis & Trends

Belite Bio's Research & Development history runs 5 years deep, the most recent figure standing at $15.7 million for Q1 2026.

  • On a quarterly basis, Research & Development rose 66.68% year-over-year to $15.7 million in Q1 2026; TTM through Mar 2026 was $36.0 billion, a 55.26% increase from a year earlier, with the FY2025 full-year figure at $45.4 million, up 51.56% from the prior year.
  • Research & Development slipped to $15.7 million in Q1 2026 per BLTE's latest filing, from $14.6 billion in the prior quarter.
  • Across five years, Research & Development topped out at $14.6 billion in Q4 2025 and bottomed at $4.9 million in Q4 2023.
  • The 5-year median for Research & Development is $5.6 billion (2023), against an average of $5.0 billion.
  • Across the five-year window, Research & Development jumped 149097.86% in 2024 and slumped 99.86% in 2025, its largest moves.
  • Year by year, Research & Development stood at $5.2 million in 2022, then dropped by 6.97% to $4.9 million in 2023, then soared by 149097.86% to $7.3 billion in 2024, then jumped by 101.6% to $14.6 billion in 2025, then slumped by 99.89% to $15.7 million in 2026.
  • Per Business Quant, the three latest BLTE Research & Development figures stand at $15.7 million (Q1 2026), $14.6 billion (Q4 2025), and $10.3 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Alnylam Pharmaceuticals 36.08 Bn 33.07 Bn 959.66 Mn 364.87 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 15.66 Mn
Dec 31, 2025 14.62 Bn
Sep 30, 2025 10.31 Bn
Jun 30, 2025 11.05 Bn
Mar 31, 2025 9.40 Mn
Dec 31, 2024 7.25 Bn
Sep 30, 2024 6.84 Bn
Jun 30, 2024 9.08 Bn
Mar 31, 2024 6.77 Bn
Dec 31, 2023 4.86 Mn
Sep 30, 2023 8.74 Mn
Jun 30, 2023 5.52 Bn
Mar 31, 2023 5.72 Bn
Dec 31, 2022 5.23 Mn
Sep 30, 2022 1.19 Bn
Jun 30, 2022 1.58 Bn