Eledon Pharmaceuticals (ELDN) Research & Development (2013 - 2026)

Eledon Pharmaceuticals (ELDN) reported Research & Development of $17.2 million for Q1 2026, up 27.09% on a YoY basis from $13.5 million in Q1 2025, and up 14.88% quarter-over-quarter from $15.0 million in Q3 2025.

Eledon Pharmaceuticals (ELDN) Research & Development (2013 - 2026) Analysis & Trends

Eledon Pharmaceuticals has reported Research & Development for 14 years, with the latest figure at $17.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 27.09% year-over-year to $17.2 million; the trailing twelve-month figure through Mar 2026 stood at $66.0 million (up 13.58% YoY), and the FY2024 full-year result was $52.0 million, up 71.43% from the prior year.
  • Research & Development for Q1 2026 stood at $17.2 million, up from $15.0 million in the prior quarter.
  • The five-year high for Research & Development was $20.3 million in Q2 2025, with the low at $5.7 million in Q2 2022.
  • Historically, Research & Development has averaged $11.0 million across 5 years, with a median of $8.0 million in 2023.
  • Annual changes were most pronounced in 2024 — Research & Development surged 153.69% — and 2025, when it decreased 9.39%.
  • Eledon Pharmaceuticals' Research & Development stood at $7.2 million in 2022, then declined by 2.52% to $7.1 million in 2023, then surged by 153.69% to $17.9 million in 2024, then retreated by 16.5% to $15.0 million in 2025, then advanced by 14.88% to $17.2 million in 2026.
  • The last three Research & Development figures came in at $17.2 million (Q1 2026), $15.0 million (Q3 2025), and $20.3 million (Q2 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 Eledon Pharmaceuticals 439.58 Mn 223.54 Mn - 17.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 17.20 Mn
Sep 30, 2025 14.97 Mn
Jun 30, 2025 20.28 Mn
Mar 31, 2025 13.53 Mn
Dec 31, 2024 17.93 Mn
Sep 30, 2024 16.52 Mn
Jun 30, 2024 10.11 Mn
Mar 31, 2024 7.41 Mn
Dec 31, 2023 7.07 Mn
Sep 30, 2023 7.93 Mn
Jun 30, 2023 7.20 Mn
Mar 31, 2023 8.11 Mn
Dec 31, 2022 7.25 Mn
Sep 30, 2022 7.45 Mn
Jun 30, 2022 5.74 Mn
Mar 31, 2022 6.64 Mn
Dec 31, 2021 6.18 Mn
Sep 30, 2021 7.66 Mn
Jun 30, 2021 4.24 Mn
Mar 31, 2021 5.65 Mn