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

Belite Bio (BLTE) recorded quarterly Research & Development of $15.7 million in Q1 2026, down 99.89% quarter-over-quarter from $14.6 billion in Q4 2025, and up 66.68% on a YoY basis from $9.4 million in Q1 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.

  • 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 was $15.7 million for Q1 2026 at Belite Bio, down from $14.6 billion in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $14.6 billion in Q4 2025 to a low of $4.9 million in Q4 2023.
  • Historically, Research & Development has averaged $5.0 billion across 5 years, with a median of $5.6 billion in 2023.
  • The sharpest annual moves came in 2024 and 2025: Research & Development surged 149097.86% in 2024, then slumped 99.86% in 2025.
  • A 5-year view of Research & Development shows it 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 plunged by 99.89% to $15.7 million in 2026.
  • The last three Research & Development figures came in at $15.7 million (Q1 2026), $14.6 billion (Q4 2025), and $10.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.32 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 15.66 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 626,092.00
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -101.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -2.30 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 1.46 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 357,444.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 961.60 Mn
9 Abivax 91.96 Bn 91.96 Bn - -58.00 Mn
10 Regeneron Pharmaceuticals 63.43 Bn 54.67 Bn 3.31 Bn 1.54 Bn

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