Kardigan (KARD) Research & Development (2025 - 2026)
Kardigan (KARD) reported Research & Development of $64.36 million for Q3 2026, up 31.0% from $49.14 million a year earlier and up 14.2% from the prior quarter.
Powered by 
Analysis
Kardigan (KARD) Research & Development (2025 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Kardigan's Research & Development came in at $215.13 million; for FY2025, it was $153.09 million, up 418.9% from FY2024.
- By year, Research & Development came in at $29.5 million in FY2024.
- Year over year, Research & Development has now increased in each of the last three quarters.
- Per Business Quant data, the three quarters before Q3 2026 came in at $56.37 million (Q2 2026), $45.07 million (Q1 2026) and $49.33 million (Q4 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 | Kardigan | 1.29 Bn | -398.44 Mn | - | 64.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 64.36 Mn |
| Jun 30, 2026 | 56.37 Mn |
| Mar 31, 2026 | 45.07 Mn |
| Jun 30, 2025 | 35.84 Mn |
| Mar 31, 2025 | 18.77 Mn |
API Access
Kardigan 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=KARD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "KARD", "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=KARD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();