Eton Pharmaceuticals (ETON) Research & Development (2018 - 2025)

Eton Pharmaceuticals (ETON) reported Research & Development of $1.8 million for Q4 2025, up 304.36% on a YoY basis from $440198.8 in Q4 2024, and up 60.07% sequentially from $1.1 million in Q3 2025.

Eton Pharmaceuticals (ETON) Research & Development (2018 - 2025) Analysis & Trends

Eton Pharmaceuticals (ETON) has 8 years of Research & Development data on file, last reported at $1.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Research & Development rose 304.36% year-over-year to $1.8 million; the trailing twelve-month figure through Dec 2025 stood at $7.8 million (up 138.56% YoY), and the FY2025 full-year result was $7.8 million, up 138.56% from the prior year.
  • Research & Development rose to $1.8 million in Q4 2025, from $1.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $3.7 million in Q2 2025 to a low of -$871000.0 in Q4 2024.
  • A 5-year average of $1.2 million and a median of $995500.0 in 2022 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development sank 183.19% in 2024 and jumped 304.36% in 2025, its largest moves.
  • Tracing ETON's Research & Development over 5 years: stood at $681000.0 in 2021, then jumped by 38.62% to $944000.0 in 2022, then grew by 10.91% to $1.0 million in 2023, then slumped by 183.19% to -$871000.0 in 2024, then jumped by 304.36% to $1.8 million in 2025.
  • Business Quant data shows ETON's Research & Development at $1.8 million in Q4 2025, $1.1 million in Q3 2025, and $3.7 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 696.00 Mn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 180.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 7.37 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 138.20 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 248.60 Mn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 296.20 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 97.00 Mn
10 Eton Pharmaceuticals 1.14 Bn 1.12 Bn 13.10 Mn 1.78 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.78 Mn
Sep 30, 2025 1.11 Mn
Jun 30, 2025 3.71 Mn
Mar 31, 2025 1.16 Mn
Dec 31, 2024 -871,000.00
Sep 30, 2024 505,000.00
Jun 30, 2024 2.97 Mn
Mar 31, 2024 651,000.00
Dec 31, 2023 1.05 Mn
Sep 30, 2023 615,000.00
Jun 30, 2023 1.13 Mn
Mar 31, 2023 535,000.00
Dec 31, 2022 944,000.00
Sep 30, 2022 744,000.00
Jun 30, 2022 690,000.00
Mar 31, 2022 1.62 Mn
Dec 31, 2021 681,000.00
Sep 30, 2021 2.68 Mn
Jun 30, 2021 1.99 Mn
Mar 31, 2021 886,000.00