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
DateValue
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