CASI Pharmaceuticals (CASIF) Research & Development (2022 - 2025)

CASI Pharmaceuticals (CASIF) reported Research & Development of $1.2 million for Q4 2025, down 91.28% on a YoY basis from $14.2 million in Q4 2024, and up 187.4% quarter-over-quarter from -$1.4 million in Q3 2025.

CASI Pharmaceuticals (CASIF) Research & Development (2022 - 2025) Analysis & Trends

CASI Pharmaceuticals has reported Research & Development for 4 years, with the latest figure at $1.2 million in Q4 2025.

  • For the quarter ending Q4 2025, Research & Development fell 91.28% year-over-year to $1.2 million; the trailing twelve-month figure through Dec 2025 stood at -$3.8 million (down 143.04% YoY), and the FY2025 full-year result was $6.3 million, down 29.26% from the prior year.
  • Research & Development for Q4 2025 stood at $1.2 million, up from -$1.4 million in the prior quarter.
  • The five-year high for Research & Development was $14.2 million in Q4 2024, with the low at -$27.7 million in Q4 2022.
  • Historically, Research & Development has averaged -$66000.0 across 4 years, with a median of $1.8 million in 2023.
  • The largest YoY upside for Research & Development was 512.27% in 2024 against a maximum downside of 197.71% in 2024.
  • CASI Pharmaceuticals' Research & Development stood at -$27.7 million in 2022, then surged by 108.34% to $2.3 million in 2023, then surged by 512.27% to $14.2 million in 2024, then slumped by 91.28% to $1.2 million in 2025.
  • The last three Research & Development figures came in at $1.2 million (Q4 2025), -$1.4 million (Q3 2025), and -$1.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Alterity Therapeutics 821,726.73 Bn 821,726.69 Bn - 4.32 Mn
2 Belite Bio 57,768.00 Bn 57,768.00 Bn - 15.66 Mn
3 Quantum Biopharma 16,655.88 Bn 16,655.88 Bn - 626,092.00
4 Legend Biotech 3,540.00 Bn 3,539.71 Bn 242.10 Mn -101.30 Mn
5 Evaxion A 1,526.26 Bn 1,526.24 Bn - -2.30 Mn
6 Akari Therapeutics 1,520.09 Bn 1,520.09 Bn - 1.46 Mn
7 Psyence Biomedical 223.87 Bn 223.87 Bn - 357,444.00
8 Vertex Pharmaceuticals 114.47 Bn 107.23 Bn 2.59 Bn 961.60 Mn
9 Abivax 91.22 Bn 91.22 Bn - -58.00 Mn
10 CASI Pharmaceuticals - - 3.69 Mn 1.24 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.24 Mn
Sep 30, 2025 -1.41 Mn
Jun 30, 2025 -1.72 Mn
Mar 31, 2025 -1.94 Mn
Dec 31, 2024 14.17 Mn
Sep 30, 2024 -1.52 Mn
Jun 30, 2024 -1.25 Mn
Mar 31, 2024 -2.48 Mn
Dec 31, 2023 2.31 Mn
Sep 30, 2023 2.40 Mn
Jun 30, 2023 2.61 Mn
Mar 31, 2023 2.53 Mn
Dec 31, 2022 -27.74 Mn
Sep 30, 2022 3.91 Mn
Jun 30, 2022 3.85 Mn
Mar 31, 2022 3.99 Mn