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% quarter-over-quarter from $2.2 million in Q4 2025.
Harvard Bioscience (HBIO) Research & Development (2010 - 2026) Analysis & Trends
Harvard Bioscience (HBIO) has 17 years of Research & Development data on file, last reported at $2.3 million in Q1 2026.
- Research & Development for Q1 2026 came in at $2.3 million, changed 0.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.8 million (down 10.28% YoY), and the FY2025 annual result was $8.8 million, down 15.19% from the prior year.
- Research & Development grew to $2.3 million in Q1 2026 per HBIO's latest filing, from $2.2 million in the prior quarter.
- Over five years, Research & Development peaked at $3.5 million in Q2 2022 and troughed at $2.1 million in Q3 2025.
- A 5-year average of $2.7 million and a median of $2.8 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development increased 29.47% in 2022, then slipped 26.1% in 2024.
- A 5-year view of Research & Development shows it stood at $2.8 million in 2022, then gained by 10.57% to $3.2 million in 2023, then fell by 26.1% to $2.3 million in 2024, then decreased by 6.23% to $2.2 million in 2025, then rose by 6.55% to $2.3 million in 2026.
- Business Quant data shows HBIO's Research & Development at $2.3 million in Q1 2026, $2.2 million in Q4 2025, and $2.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 361.90 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 249.00 Mn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | - |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 94.27 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 15.80 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 189.00 Mn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 42.50 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 98.66 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 139.00 Mn |
| 10 | Harvard Bioscience | 26.17 Mn | 19.07 Mn | 12.24 Mn | 2.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |