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
DateValue
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