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
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