CG Oncology (CGON) Research & Development (2023 - 2026)

CG Oncology (CGON) posted Research & Development of $43.7 million for Q1 2026, up 45.97% on a QoQ basis from $30.0 million in Q4 2025, and up 59.21% year-over-year from $27.5 million in Q1 2025.

CG Oncology (CGON) Research & Development (2023 - 2026) Analysis & Trends

CG Oncology's Research & Development history runs 4 years deep, the most recent figure standing at $43.7 million for Q1 2026.

  • Quarterly Research & Development rose 59.21% year-over-year to $43.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $132.9 million (up 43.9% YoY) and the FY2025 annual result came in at $116.6 million, up 42.07% from the prior year.
  • Research & Development was $43.7 million for Q1 2026 at CG Oncology, up from $30.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $43.7 million in Q1 2026 and bottomed at $7.8 million in Q1 2023.
  • A 4-year average of $22.2 million and a median of $19.6 million in 2024 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2024 — Research & Development surged 119.46% — and 2025, when it climbed 11.78%.
  • CG Oncology's Research & Development stood at $16.3 million in 2023, then surged by 64.01% to $26.8 million in 2024, then gained by 11.78% to $30.0 million in 2025, then soared by 45.97% to $43.7 million in 2026.
  • Business Quant data shows CGON's Research & Development at $43.7 million in Q1 2026, $30.0 million in Q4 2025, and $27.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 CG Oncology 5.86 Bn 5.86 Bn -1.88 Mn 43.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 43.73 Mn
Dec 31, 2025 29.96 Mn
Sep 30, 2025 27.88 Mn
Jun 30, 2025 31.33 Mn
Mar 31, 2025 27.47 Mn
Dec 31, 2024 26.80 Mn
Sep 30, 2024 19.62 Mn
Jun 30, 2024 18.47 Mn
Mar 31, 2024 17.21 Mn
Dec 31, 2023 16.34 Mn
Sep 30, 2023 11.74 Mn
Jun 30, 2023 9.83 Mn
Mar 31, 2023 7.84 Mn