GH Research (GHRS) Research & Development (2020 - 2025)

GH Research's Research & Development history runs 6 years deep, the most recent figure standing at -$66.1 million for Q4 2025.

• In Q4 2025, Research & Development fell 6.98% year-over-year to -$66.1 million; the TTM figure through Dec 2025 stood at -$38.8 million (down 10.71% YoY), while the FY2025 annual figure was -$38.8 million, down 10.71% from the prior year.
• Research & Development was -$66.1 million for Q4 2025 at GH Research, down from $10.6 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $13.8 million in Q4 2021 to a low of -$66.1 million in Q4 2025.
• Historically, Research & Development has averaged -$1.2 million across 5 years, with a median of $7.1 million in 2023.
• Biggest YoY gain for Research & Development was 3004.97% in 2021; the steepest drop was 4547.27% in 2021.
• A 5-year view of Research & Development shows it stood at $13.8 million in 2021, then sank by 49.76% to $6.9 million in 2022, then gained by 19.41% to $8.3 million in 2023, then sank by 849.32% to -$61.8 million in 2024, then dropped by 6.98% to -$66.1 million in 2025.
• The last three Research & Development figures came in at -$66.1 million (Q4 2025), $10.6 million (Q3 2025), and $9.0 million (Q2 2025), per Business Quant data.