Fortress Biotech (FBIO) Research & Development (2010 - 2026)
Fortress Biotech (FBIO) posted quarterly Research & Development of -$367000.0 for Q4 2025, down 103.79% year-over-year from $9.7 million in Q4 2024, and down 276.44% quarter-over-quarter from $208000.0 in Q3 2025.
Analysis
Fortress Biotech (FBIO) Research & Development (2010 - 2026) Analysis & Trends
Fortress Biotech's Research & Development history runs 16 years deep, the most recent figure standing at -$367000.0 for Q4 2025.
- In Q4 2025, Research & Development fell 103.79% year-over-year to -$367000.0; the TTM figure through Dec 2025 stood at $11.9 million (down 78.98% YoY), while the FY2025 annual figure was $11.9 million, down 78.98% from the prior year.
- Research & Development for Q4 2025 stood at -$367000.0, down from $208000.0 in the prior quarter.
- The five-year high for Research & Development was $43.1 million in Q4 2021, with the low at -$367000.0 in Q4 2025.
- The 5-year median for Research & Development is $21.6 million (2021), against an average of $21.1 million.
- The sharpest annual moves came in 2021 and 2025: Research & Development surged 571.5% in 2021, then sank 103.79% in 2025.
- Fortress Biotech's Research & Development stood at $43.1 million in 2021, then slipped by 19.89% to $34.5 million in 2022, then sank by 59.28% to $14.0 million in 2023, then sank by 31.02% to $9.7 million in 2024, then tumbled by 103.79% to -$367000.0 in 2025.
- Business Quant data shows FBIO's Research & Development at -$367000.0 in Q4 2025, $208000.0 in Q3 2025, and $8.1 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 141.52 Bn | 133.66 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 86.69 Bn | 78.69 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 64.63 Bn | 59.45 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 59.30 Bn | 54.16 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.41 Bn | 44.41 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 40.45 Bn | 35.35 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.29 Bn | 31.98 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.44 Bn | 27.60 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.55 Bn | 26.39 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Fortress Biotech | 86.15 Mn | -110.42 Mn | 12.58 Mn | 805,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 805,000.00 |
| Dec 31, 2025 | -367,000.00 |
| Sep 30, 2025 | 208,000.00 |
| Jun 30, 2025 | 8.13 Mn |
| Mar 31, 2025 | 3.94 Mn |
| Dec 31, 2024 | 9.69 Mn |
| Sep 30, 2024 | 9.45 Mn |
| Jun 30, 2024 | 12.67 Mn |
| Mar 31, 2024 | 24.84 Mn |
| Dec 31, 2023 | 9.75 Mn |
| Sep 30, 2023 | 20.35 Mn |
| Jun 30, 2023 | 32.14 Mn |
| Mar 31, 2023 | 39.51 Mn |
| Dec 31, 2022 | 35.12 Mn |
| Sep 30, 2022 | 29.90 Mn |
| Jun 30, 2022 | 33.13 Mn |
| Mar 31, 2022 | 36.72 Mn |
| Dec 31, 2021 | 43.05 Mn |
| Sep 30, 2021 | 28.08 Mn |
| Jun 30, 2021 | 33.83 Mn |