Belite Bio (BLTE) Research & Development (2022 - 2026)
Belite Bio (BLTE) posted quarterly Research & Development of $15.7 million for Q1 2026, up 66.68% year-over-year from $9.4 million in Q1 2025, and down 99.89% on a QoQ basis from $14.6 billion in Q4 2025.
Belite Bio (BLTE) Research & Development (2022 - 2026) Analysis & Trends
Belite Bio (BLTE) has reported Research & Development for 5 consecutive years, with $15.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 66.68% year-over-year to $15.7 million; the TTM figure through Mar 2026 stood at $36.0 billion (up 55.26% YoY), while the FY2025 annual figure was $45.4 million, up 51.56% from the prior year.
- Research & Development came in at $15.7 million for Q1 2026 at Belite Bio, down from $14.6 billion in the prior quarter.
- The five-year high for Research & Development was $14.6 billion in Q4 2025, with the low at $4.9 million in Q4 2023.
- Average Research & Development over 5 years is $5.0 billion, with a median of $5.6 billion recorded in 2023.
- Across the five-year window, Research & Development surged 149097.86% in 2024 and tumbled 99.86% in 2025, its largest moves.
- Year by year, Research & Development stood at $5.2 million in 2022, then retreated 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 sank by 99.89% to $15.7 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $15.7 million, $14.6 billion, and $10.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Genmab A | 276,399.99 Bn | 276,398.47 Bn | 831.00 Mn | -440.00 Mn |
| 2 | Akari Therapeutics | 1,217.26 Bn | 1,217.26 Bn | - | 1.46 Mn |
| 3 | BeOne Medicines | 419.38 Bn | 414.59 Bn | 1.35 Bn | 541.22 Mn |
| 4 | Vertex Pharmaceuticals | 126.54 Bn | 119.30 Bn | 2.59 Bn | 961.60 Mn |
| 5 | Pharming | 110.17 Bn | 110.12 Bn | 65.80 Mn | -25.56 Mn |
| 6 | Regeneron Pharmaceuticals | 64.97 Bn | 56.22 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Argenx Se | 56.44 Bn | 56.44 Bn | 1.18 Bn | -443.00 Mn |
| 8 | Alnylam Pharmaceuticals | 40.09 Bn | 37.08 Bn | 959.66 Mn | 364.87 Mn |
| 9 | Revolution Medicines | 37.15 Bn | 37.15 Bn | - | 343.97 Mn |
| 10 | Belite Bio | 96.77 Mn | 96.77 Mn | - | 15.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |