Cabaletta Bio (CABA) Research & Development (2018 - 2025)
Cabaletta Bio's (CABA) quarterly Research & Development came in at $140.8 million in Q4 2025, up 512.15% year-on-year from $23.0 million in Q4 2024, and up 24258.82% quarter-over-quarter from $578000.0 in Q3 2025.
Cabaletta Bio (CABA) Research & Development (2018 - 2025) Analysis & Trends
Cabaletta Bio's Research & Development history runs 8 years deep, the most recent figure standing at $140.8 million for Q4 2025.
- On a quarterly basis, Research & Development rose 512.15% year-over-year to $140.8 million in Q4 2025; TTM through Dec 2025 was $179.6 million, a 145.67% increase from a year earlier, with the FY2025 full-year figure at $142.7 million, up 46.78% from the prior year.
- Research & Development advanced to $140.8 million in Q4 2025 per CABA's latest filing, from $578000.0 in the prior quarter.
- Across five years, Research & Development topped out at $140.8 million in Q4 2025 and bottomed 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.
- Across the five-year window, Research & Development tumbled 395.48% in 2023 and surged 512.15% in 2025, its largest moves.
- Year by year, Research & Development stood at $9.9 million in 2021, then rose by 25.01% to $12.4 million in 2022, then slumped by 395.48% to -$36.6 million in 2023, then soared by 162.77% to $23.0 million in 2024, then jumped by 512.15% to $140.8 million in 2025.
- Per Business Quant, the three latest CABA Research & Development figures stand at $140.8 million (Q4 2025), $578000.0 (Q3 2025), and $37.6 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 541.22 Mn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -2.31 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 1.37 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 343.97 Mn |
| 10 | Cabaletta Bio | 182.04 Mn | 182.04 Mn | - | 140.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 140.79 Mn |
| Sep 30, 2025 | 578,000.00 |
| Jun 30, 2025 | 37.64 Mn |
| Mar 31, 2025 | 543,000.00 |
| Dec 31, 2024 | 23.00 Mn |
| Sep 30, 2024 | 26.29 Mn |
| Jun 30, 2024 | 23.43 Mn |
| Mar 31, 2024 | 369,000.00 |
| Dec 31, 2023 | -36.64 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 |
| Mar 31, 2021 | 6.56 Mn |