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| 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 |