CG Oncology (CGON) Research & Development (2023 - 2026)
CG Oncology (CGON) reported Research & Development of $43.7 million for Q1 2026, up 59.21% on a YoY basis from $27.5 million in Q1 2025, and up 45.97% quarter-over-quarter from $30.0 million in Q4 2025.
CG Oncology (CGON) Research & Development (2023 - 2026) Analysis & Trends
CG Oncology has reported Research & Development for 4 years, with the latest figure at $43.7 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 59.21% year-over-year to $43.7 million; the trailing twelve-month figure through Mar 2026 stood at $132.9 million (up 43.9% YoY), and the FY2025 full-year result was $116.6 million, up 42.07% from the prior year.
- Research & Development for Q1 2026 stood at $43.7 million, up from $30.0 million in the prior quarter.
- The five-year high for Research & Development was $43.7 million in Q1 2026, with the low at $7.8 million in Q1 2023.
- Historically, Research & Development has averaged $22.2 million across 4 years, with a median of $19.6 million in 2024.
- Annual changes were most pronounced in 2024 — Research & Development surged 119.46% — and 2025, when it rose 11.78%.
- CG Oncology's Research & Development stood at $16.3 million in 2023, then soared by 64.01% to $26.8 million in 2024, then increased by 11.78% to $30.0 million in 2025, then jumped by 45.97% to $43.7 million in 2026.
- The last three Research & Development figures came in at $43.7 million (Q1 2026), $30.0 million (Q4 2025), and $27.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | CG Oncology | 5.16 Bn | 5.16 Bn | -1.88 Mn | 43.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |