IO Biotech, Inc. (IOBTQ) Research & Development (2020 - 2025)
IO Biotech's (IOBTQ) quarterly Research & Development came in at $13.7 million in Q3 2025, down 31.9% YoY from $20.2 million in Q3 2024, and down 17.48% on a QoQ basis from $16.7 million in Q2 2025.
IO Biotech, Inc. (IOBTQ) Research & Development (2020 - 2025) Analysis & Trends
IO Biotech (IOBTQ) has 6 years of Research & Development data on file, last reported at $13.7 million in Q3 2025.
- Quarterly Research & Development fell 31.9% year-over-year to $13.7 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $67.9 million (down 5.81% YoY) and the FY2024 annual result came in at $71.5 million, up 5.39% from the prior year.
- Research & Development slipped to $13.7 million in Q3 2025, from $16.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $21.8 million in Q4 2023 to a low of $2.8 million in Q1 2021.
- A 5-year average of $13.9 million and a median of $14.4 million in 2022 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2021 — Research & Development soared 643.89% — and 2025, when it slumped 31.9%.
- Tracing IOBTQ's Research & Development over 5 years: stood at $16.4 million in 2021, then decreased by 12.21% to $14.4 million in 2022, then soared by 50.83% to $21.8 million in 2023, then decreased by 2.86% to $21.1 million in 2024, then sank by 35.02% to $13.7 million in 2025.
- The last three Research & Development figures came in at $13.7 million (Q3 2025), $16.7 million (Q2 2025), and $16.4 million (Q1 2025), per Business Quant data.
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Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 13.74 Mn |
| Jun 30, 2025 | 16.65 Mn |
| Mar 31, 2025 | 16.38 Mn |
| Dec 31, 2024 | 21.15 Mn |
| Sep 30, 2024 | 20.18 Mn |
| Jun 30, 2024 | 15.85 Mn |
| Mar 31, 2024 | 14.31 Mn |
| Dec 31, 2023 | 21.77 Mn |
| Sep 30, 2023 | 17.66 Mn |
| Jun 30, 2023 | 16.50 Mn |
| Mar 31, 2023 | 11.90 Mn |
| Dec 31, 2022 | 14.43 Mn |
| Sep 30, 2022 | 10.02 Mn |
| Jun 30, 2022 | 12.23 Mn |
| Mar 31, 2022 | 10.31 Mn |
| Dec 31, 2021 | 16.44 Mn |
| Sep 30, 2021 | 4.13 Mn |
| Jun 30, 2021 | 6.74 Mn |
| Mar 31, 2021 | 2.85 Mn |
| Dec 31, 2020 | 2.21 Mn |