Innate Pharma (IPHA) Research & Development (2019 - 2025)

Innate Pharma (IPHA) posted quarterly Research & Development of -$49.6 million for Q4 2025, up 16.08% year-on-year from -$42.8 million in Q4 2024, and down 112.57% on a QoQ basis from -$23.4 million in Q2 2025.

Innate Pharma (IPHA) Research & Development (2019 - 2025) Analysis & Trends

Innate Pharma (IPHA) has reported Research & Development for 7 consecutive years, with -$49.6 million the latest figure, recorded in Q4 2025.

  • Quarterly Research & Development rose 16.08% year-over-year to -$49.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$165.2 million (up 13.85% YoY) and the FY2025 annual result came in at $49.6 million, down 16.08% from the prior year.
  • Research & Development declined to -$49.6 million in Q4 2025 per IPHA's latest filing, from -$23.4 million in the prior quarter.
  • Over the last five years, Research & Development for IPHA reached as high as -$23.4 million in Q2 2025 and fell as low as -$63.8 million in Q4 2023.
  • A 5-year average of -$43.0 million and a median of -$42.7 million in 2025 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2021 — Research & Development surged 30.81% — and 2023, when it dropped 26.03%.
  • Year by year, Research & Development stood at -$53.5 million in 2021, then decreased by 9.91% to -$58.8 million in 2022, then dropped by 8.44% to -$63.8 million in 2023, then advanced by 7.22% to -$59.2 million in 2024, then gained by 16.08% to -$49.6 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods registered -$49.6 million, -$23.4 million, and -$59.2 million for Q4 2025, Q2 2025, and Q4 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Innate Pharma 157.68 Mn 157.68 Mn - -49.64 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -49.64 Mn
Jun 30, 2025 -23.35 Mn
Dec 31, 2024 -59.15 Mn
Jun 30, 2024 -33.09 Mn
Dec 31, 2023 -63.75 Mn
Jun 30, 2023 -35.79 Mn
Dec 31, 2022 -58.79 Mn
Jun 30, 2022 -28.40 Mn
Dec 31, 2021 -53.49 Mn
Jun 30, 2021 -24.80 Mn
Dec 31, 2020 -56.57 Mn
Jun 30, 2020 -35.84 Mn
Dec 31, 2019 -89.72 Mn
Jun 30, 2019 -41.63 Mn