Burning Rock Biotech (BNR) Research & Development (2019 - 2025)
Burning Rock Biotech (BNR) recorded quarterly Research & Development of -$5.0 million in Q4 2025, up 14.4% quarter-over-quarter from -$5.8 million in Q3 2025, and up 30.29% on a YoY basis from -$3.8 million in Q4 2024.
Burning Rock Biotech (BNR) Research & Development (2019 - 2025) Analysis & Trends
Burning Rock Biotech's Research & Development history runs 7 years deep, the most recent figure standing at -$5.0 million for Q4 2025.
- In Q4 2025, Research & Development rose 30.29% year-over-year to -$5.0 million; the TTM figure through Dec 2025 stood at -$23.3 million (up 27.64% YoY), while the FY2025 annual figure was $23.8 million, down 25.19% from the prior year.
- Research & Development was -$5.0 million for Q4 2025 at Burning Rock Biotech, up from -$5.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$5.0 million in Q4 2025 to a low of -$18.8 million in Q1 2022.
- Historically, Research & Development has averaged -$11.2 million across 5 years, with a median of -$11.1 million in 2021.
- The sharpest annual moves came in 2021 and 2025: Research & Development sank 106.08% in 2021, then surged 39.1% in 2025.
- A 5-year view of Research & Development shows it stood at -$17.7 million in 2021, then increased by 17.36% to -$14.6 million in 2022, then rose by 29.55% to -$10.3 million in 2023, then soared by 30.56% to -$7.2 million in 2024, then soared by 30.29% to -$5.0 million in 2025.
- The last three Research & Development figures came in at -$5.0 million (Q4 2025), -$5.8 million (Q3 2025), and -$6.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 96.00 Mn |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 336.00 Mn |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 387.00 Mn |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 65.79 Mn |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 126.00 Mn |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 210.70 Mn |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | - |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 240.00 Mn |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 51.28 Mn |
| 10 | Burning Rock Biotech | 20.64 Mn | -47.19 Mn | 14.10 Mn | -4.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.99 Mn |
| Sep 30, 2025 | -5.83 Mn |
| Jun 30, 2025 | -6.95 Mn |
| Mar 31, 2025 | -5.57 Mn |
| Dec 31, 2024 | -7.15 Mn |
| Sep 30, 2024 | -7.00 Mn |
| Jun 30, 2024 | -8.94 Mn |
| Mar 31, 2024 | -9.14 Mn |
| Dec 31, 2023 | -10.30 Mn |
| Sep 30, 2023 | -11.47 Mn |
| Jun 30, 2023 | -13.21 Mn |
| Mar 31, 2023 | -13.75 Mn |
| Dec 31, 2022 | -14.62 Mn |
| Sep 30, 2022 | -15.38 Mn |
| Jun 30, 2022 | -13.75 Mn |
| Mar 31, 2022 | -18.85 Mn |
| Dec 31, 2021 | -17.69 Mn |
| Sep 30, 2021 | -10.81 Mn |
| Jun 30, 2021 | -16.74 Mn |
| Mar 31, 2021 | -11.82 Mn |