HCW Biologics (HCWB) Research & Development (2020 - 2026)
HCW Biologics' Research & Development was $1.2 million in Q2 2026, down 1.9% from $1.23 million a year earlier and down 4.3% from the prior quarter.
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Analysis
HCW Biologics (HCWB) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, HCW Biologics' Research & Development was $5.2 million through Jun 30, 2026, up 5.2% year-over-year; for FY2025, it came in at $5.44 million, down 14.8% from FY2024.
- Research & Development has now declined for three consecutive years, with a five-year compound annual growth rate of -5.6% (FY2020 to FY2025).
- In earlier years, Research & Development was $6.39 million in FY2024 (-16.8%), $7.68 million in FY2023 (-17.8%), $9.34 million in FY2022 (+14.2%) and $8.17 million in FY2021 (+12.7%).
- The Q2 2026 figure marks the lowest quarterly Research & Development since Q4 2024.
- Compared with a year earlier, Research & Development was higher in two of the last eight quarters, with an average decline of 15.1%.
- The best year-over-year quarter for Research & Development over five years was Q4 2022 (growth of 97.5%); the worst was Q4 2024 (a decline of 50.9%).
- Per Business Quant data, HCWB's Research & Development in the three quarters before Q2 2026 was $1.26 million (Q1 2026), $1.33 million (Q4 2025) and $1.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 4.25 Bn |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 4.65 Bn |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 2.57 Bn |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 4.54 Bn |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 3.89 Bn |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 2.11 Bn |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | 1.61 Bn |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 3.02 Bn |
| 10 | HCW Biologics | 1.02 Mn | -4.00 Mn | -93,887.00 | 1.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.20 Mn |
| Mar 31, 2026 | 1.26 Mn |
| Dec 31, 2025 | 1.33 Mn |
| Sep 30, 2025 | 1.40 Mn |
| Jun 30, 2025 | 1.23 Mn |
| Mar 31, 2025 | 1.48 Mn |
| Dec 31, 2024 | 1.05 Mn |
| Sep 30, 2024 | 1.19 Mn |
| Jun 30, 2024 | 2.03 Mn |
| Mar 31, 2024 | 2.12 Mn |
| Dec 31, 2023 | 2.14 Mn |
| Sep 30, 2023 | 1.67 Mn |
| Jun 30, 2023 | 1.62 Mn |
| Mar 31, 2023 | 2.26 Mn |
| Dec 31, 2022 | 2.93 Mn |
| Sep 30, 2022 | 2.65 Mn |
| Jun 30, 2022 | 1.97 Mn |
| Mar 31, 2022 | 1.79 Mn |
| Dec 31, 2021 | 1.48 Mn |
| Sep 30, 2021 | 2.69 Mn |
API Access
HCW Biologics Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HCWB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HCWB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HCWB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();