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.

• On a quarterly basis, Research & Development fell 6.98% year-over-year to -$66.1 million in Q4 2025; TTM through Dec 2025 was -$38.8 million, a 10.71% decrease from a year earlier, with the FY2025 full-year figure at -$38.8 million, down 10.71% from the prior year.
• Research & Development slipped to -$66.1 million in Q4 2025 per GHRS's latest filing, from $10.6 million in the prior quarter.
• Across five years, Research & Development topped out at $13.8 million in Q4 2021 and bottomed at -$66.1 million in Q4 2025.
• The 5-year median for Research & Development is $7.1 million (2023), against an average of -$1.2 million.
• Biggest YoY gain for Research & Development was 3004.97% in 2021; the steepest drop was 4547.27% in 2021.
• Year by year, Research & Development stood at $13.8 million in 2021, then tumbled by 49.76% to $6.9 million in 2022, then gained by 19.41% to $8.3 million in 2023, then tumbled by 849.32% to -$61.8 million in 2024, then dropped by 6.98% to -$66.1 million in 2025.
• Per Business Quant, the three latest GHRS Research & Development figures stand at -$66.1 million (Q4 2025), $10.6 million (Q3 2025), and $9.0 million (Q2 2025).