Collective Mining (CNL) Research & Development (2023 - 2026)

Collective Mining's Research & Development history runs 4 years deep, the most recent figure standing at -$9.1 million for Q1 2026.

• In Q1 2026, Research & Development fell 86.83% year-over-year to -$9.1 million; the TTM figure through Mar 2026 stood at $28.3 million (up 65.87% YoY), while the FY2025 annual figure was $32.5 million, up 79.85% from the prior year.
• Research & Development was -$9.1 million for Q1 2026 at Collective Mining, down from $53.6 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $53.6 million in Q4 2025 to a low of -$9.1 million in Q1 2026.
• Historically, Research & Development has averaged $4.8 million across 4 years, with a median of -$4.3 million in 2023.
• Biggest YoY gain for Research & Development was 69.63% in 2025; the steepest drop was 95.42% in 2025.
• A 4-year view of Research & Development shows it stood at $23.7 million in 2023, then soared by 33.25% to $31.6 million in 2024, then jumped by 69.63% to $53.6 million in 2025, then tumbled by 116.94% to -$9.1 million in 2026.
• The last three Research & Development figures came in at -$9.1 million (Q1 2026), $53.6 million (Q4 2025), and -$8.8 million (Q3 2025), per Business Quant data.