Cabaletta Bio (CABA) Research & Development (2018 - 2026)
Cabaletta Bio (CABA) posted quarterly Research & Development of $140.8 million for Q4 2025, up 512.15% year-over-year from $23.0 million in Q4 2024, and up 24258.82% quarter-over-quarter from $578000.0 in Q3 2025.
Analysis
Cabaletta Bio (CABA) Research & Development (2018 - 2026) Analysis & Trends
Cabaletta Bio's Research & Development history runs 8 years deep, the most recent figure standing at $140.8 million for Q4 2025.
- In Q4 2025, Research & Development rose 512.15% year-over-year to $140.8 million; the TTM figure through Dec 2025 stood at $179.6 million (up 145.67% YoY), while the FY2025 annual figure was $142.7 million, up 46.78% from the prior year.
- Research & Development for Q4 2025 stood at $140.8 million, up from $578000.0 in the prior quarter.
- The five-year high for Research & Development was $140.8 million in Q4 2025, with the low at -$36.6 million in Q4 2023.
- The 5-year median for Research & Development is $9.7 million (2021), against an average of $16.3 million.
- The sharpest annual moves came in 2023 and 2025: Research & Development slumped 395.48% in 2023, then surged 512.15% in 2025.
- Cabaletta Bio's Research & Development stood at $9.9 million in 2021, then increased by 25.01% to $12.4 million in 2022, then tumbled by 395.48% to -$36.6 million in 2023, then surged by 162.77% to $23.0 million in 2024, then soared by 512.15% to $140.8 million in 2025.
- Business Quant data shows CABA's Research & Development at $140.8 million in Q4 2025, $578000.0 in Q3 2025, and $37.6 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Cabaletta Bio | 522.26 Mn | 522.26 Mn | - | 44.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.43 Mn |
| Dec 31, 2025 | 36.19 Mn |
| Sep 30, 2025 | 39.82 Mn |
| Jun 30, 2025 | 37.64 Mn |
| Mar 31, 2025 | 29.02 Mn |
| Dec 31, 2024 | 23.00 Mn |
| Sep 30, 2024 | 26.29 Mn |
| Jun 30, 2024 | 23.43 Mn |
| Mar 31, 2024 | 21.95 Mn |
| Dec 31, 2023 | 17.41 Mn |
| Sep 30, 2023 | 13.79 Mn |
| Jun 30, 2023 | 11.80 Mn |
| Mar 31, 2023 | 12.44 Mn |
| Dec 31, 2022 | 12.40 Mn |
| Sep 30, 2022 | 8.22 Mn |
| Jun 30, 2022 | 9.51 Mn |
| Mar 31, 2022 | 9.17 Mn |
| Dec 31, 2021 | 9.92 Mn |
| Sep 30, 2021 | 8.17 Mn |
| Jun 30, 2021 | 7.85 Mn |