Harvard Apparatus Regenerative Technology (HRGN) Research & Development (2012 - 2026)
Harvard Apparatus Regenerative Technology (HRGN) reported Research & Development of $948,000 for Q2 2026, up 36.0% from $697,000 a year earlier and up 68.4% from the prior quarter.
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Analysis
Harvard Apparatus Regenerative Technology (HRGN) Research & Development (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Harvard Apparatus Regenerative Technology's Research & Development came in at $2.87 million, up 34.8% year-over-year; for FY2025, it came in at $2.65 million, up 14.8% from FY2024.
- Research & Development has a five-year compound annual growth rate of 5.1% (FY2020 to FY2025).
- By year, Research & Development came in at $2.31 million in FY2024 (-24.6%), $3.06 million in FY2023 (+75.8%), $1.74 million in FY2022 (+9.4%) and $1.59 million in FY2021 (-23.1%).
- The Q2 2026 figure ranks as the highest quarterly Research & Development since Q2 2023.
- Year over year, Research & Development gained in five of the last eight quarters, with growth averaging 24.0%.
- The high point for year-over-year Research & Development in five years was Q2 2023 (growth of 380.4%); the low point was Q2 2024 (a decline of 59.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $563,000 (Q1 2026), $700,000 (Q4 2025) and $655,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 3.82 Bn |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 3.65 Bn |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 2.34 Bn |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 9.74 Bn |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | -2.85 Bn |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | -4.05 Bn |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 1.87 Bn |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | 1.76 Bn |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 2.81 Bn |
| 10 | Harvard Apparatus Regenerative Technology | 38.50 Mn | 35.01 Mn | 23,000.00 | 948,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 948,000.00 |
| Mar 31, 2026 | 563,000.00 |
| Dec 31, 2025 | 700,000.00 |
| Sep 30, 2025 | 655,000.00 |
| Jun 30, 2025 | 697,000.00 |
| Mar 31, 2025 | 601,000.00 |
| Dec 31, 2024 | 271,000.00 |
| Sep 30, 2024 | 557,000.00 |
| Jun 30, 2024 | 642,000.00 |
| Mar 31, 2024 | 840,000.00 |
| Dec 31, 2023 | 648,000.00 |
| Sep 30, 2023 | 339,000.00 |
| Jun 30, 2023 | 1.57 Mn |
| Mar 31, 2023 | 509,000.00 |
| Dec 31, 2022 | 744,000.00 |
| Sep 30, 2022 | 369,000.00 |
| Jun 30, 2022 | 326,000.00 |
| Mar 31, 2022 | 303,000.00 |
| Dec 31, 2021 | 569,000.00 |
| Sep 30, 2021 | 250,000.00 |
API Access
Harvard Apparatus Regenerative Technology 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=HRGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HRGN", "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=HRGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();