Cash Flow Statement
Growth Metrics

Harvard Bioscience (HBIO) Research & Development (2010 - 2026)

Harvard Bioscience (HBIO) reported Research & Development of $2.3 million for Q1 2026, little changed year-over-year from $2.3 million in Q1 2025, and up 6.55% on a QoQ basis from $2.2 million in Q4 2025.

Harvard Bioscience (HBIO) has 17 years of Research & Development data on file, last reported at $2.3 million in Q1 2026.

  • Quarterly Research & Development changed 0.22% year-over-year to $2.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.8 million (down 10.28% YoY) and the FY2025 annual result came in at $8.8 million, down 15.19% from the prior year.
  • Research & Development advanced to $2.3 million in Q1 2026 per HBIO's latest filing, from $2.2 million in the prior quarter.
  • Across five years, Research & Development topped out at $3.5 million in Q2 2022 and bottomed at $2.1 million in Q3 2025.
  • The 5-year median for Research & Development is $2.8 million (2023), against an average of $2.7 million.
  • The widest annual swing landed in 2022, when Research & Development climbed 29.47%; it then retreated 26.1% in 2024.
  • Tracing HBIO's Research & Development over 5 years: stood at $2.8 million in 2022, then increased by 10.57% to $3.2 million in 2023, then dropped by 26.1% to $2.3 million in 2024, then fell by 6.23% to $2.2 million in 2025, then grew by 6.55% to $2.3 million in 2026.
  • Per Business Quant, the three latest HBIO Research & Development figures stand at $2.3 million (Q1 2026), $2.2 million (Q4 2025), and $2.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Intuitive Surgical 156.17 Bn 151.78 Bn 1.83 Bn 361.90 Mn
2 Becton Dickinson 41.51 Bn 40.49 Bn 2.15 Bn 249.00 Mn
3 Resmed 30.43 Bn 28.77 Bn 890.98 Mn 94.27 Mn
4 West Pharmaceutical Services 22.78 Bn 22.26 Bn 296.40 Mn 15.80 Mn
5 Solventum 13.39 Bn 13.39 Bn 1.10 Bn 189.00 Mn
6 Cooper Companies 12.33 Bn 12.20 Bn 695.20 Mn 44.30 Mn
7 Align Technology 11.65 Bn 10.59 Bn 736.59 Mn 98.66 Mn
8 Baxter International 9.81 Bn 7.77 Bn 891.00 Mn 139.00 Mn
9 Aptargroup 7.39 Bn 7.19 Bn 351.91 Mn -
10 Harvard Bioscience 25.38 Mn 18.29 Mn 12.24 Mn 2.33 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 2.33 Mn
Dec 31, 2025 2.18 Mn
Sep 30, 2025 2.13 Mn
Jun 30, 2025 2.19 Mn
Mar 31, 2025 2.32 Mn
Dec 31, 2024 2.33 Mn
Sep 30, 2024 2.57 Mn
Jun 30, 2024 2.63 Mn
Mar 31, 2024 2.89 Mn
Dec 31, 2023 3.15 Mn
Sep 30, 2023 2.76 Mn
Jun 30, 2023 2.96 Mn
Mar 31, 2023 2.90 Mn
Dec 31, 2022 2.85 Mn
Sep 30, 2022 2.76 Mn
Jun 30, 2022 3.50 Mn
Mar 31, 2022 3.22 Mn
Dec 31, 2021 2.95 Mn
Sep 30, 2021 2.66 Mn
Jun 30, 2021 2.70 Mn
Mar 31, 2021 2.49 Mn
Dec 31, 2020 2.35 Mn
Sep 30, 2020 1.95 Mn
Jun 30, 2020 1.90 Mn
Mar 31, 2020 2.49 Mn
Dec 31, 2019 2.65 Mn
Sep 30, 2019 2.56 Mn
Jun 30, 2019 2.77 Mn
Mar 31, 2019 2.74 Mn
Dec 31, 2018 3.05 Mn
Sep 30, 2018 2.78 Mn
Jun 30, 2018 2.76 Mn
Mar 31, 2018 2.40 Mn
Dec 31, 2017 1.53 Mn
Sep 30, 2017 1.54 Mn
Jun 30, 2017 1.30 Mn
Mar 31, 2017 1.29 Mn
Dec 31, 2016 1.16 Mn
Sep 30, 2016 1.31 Mn
Jun 30, 2016 1.50 Mn
Mar 31, 2016 1.43 Mn
Dec 31, 2015 1.53 Mn
Sep 30, 2015 1.43 Mn
Jun 30, 2015 1.71 Mn
Mar 31, 2015 1.75 Mn
Dec 31, 2014 1.56 Mn
Sep 30, 2014 1.06 Mn
Jun 30, 2014 1.28 Mn
Mar 31, 2014 973,000.00
Dec 31, 2013 1.12 Mn
Sep 30, 2013 1.10 Mn
Jun 30, 2013 922,000.00
Mar 31, 2013 1.01 Mn
Dec 31, 2012 -1.21 Mn
Sep 30, 2012 1.86 Mn
Jun 30, 2012 1.97 Mn
Mar 31, 2012 1.71 Mn
Dec 31, 2011 -74,000.00
Sep 30, 2011 1.55 Mn
Jun 30, 2011 1.13 Mn
Mar 31, 2011 1.27 Mn
Dec 31, 2010 1.12 Mn
Sep 30, 2010 1.24 Mn
Jun 30, 2010 1.10 Mn