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| Date | Value |
|---|---|
| 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 |