Kamada (KMDA) Research & Development (2012 - 2026)

Kamada (KMDA) posted Research & Development of $2.2 million for Q1 2026, down 24.64% on a QoQ basis from $2.9 million in Q4 2025, and down 48.63% year-over-year from $4.2 million in Q1 2025.

Kamada (KMDA) Research & Development (2012 - 2026) Analysis & Trends

Kamada's Research & Development history runs 15 years deep, the most recent figure standing at $2.2 million for Q1 2026.

  • Quarterly Research & Development fell 48.63% year-over-year to $2.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.7 million (down 25.38% YoY) and the FY2025 annual result came in at $13.0 million, down 14.42% from the prior year.
  • Research & Development was $2.2 million for Q1 2026 at Kamada, down from $2.9 million in the prior quarter.
  • Across five years, Research & Development topped out at $4.4 million in Q1 2022 and bottomed at $3118.0 in Q3 2022.
  • A 5-year average of $2.5 million and a median of $2.9 million in 2025 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2023 — Research & Development tumbled 99.93% — and 2024, when it surged 132830.98%.
  • Kamada's Research & Development stood at $3.0 million in 2022, then increased by 8.29% to $3.2 million in 2023, then decreased by 17.47% to $2.7 million in 2024, then rose by 8.27% to $2.9 million in 2025, then slipped by 24.64% to $2.2 million in 2026.
  • Business Quant data shows KMDA's Research & Development at $2.2 million in Q1 2026, $2.9 million in Q4 2025, and $2.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 696.00 Mn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 180.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 7.37 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 138.20 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 248.60 Mn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 296.20 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 97.00 Mn
10 Kamada 405.83 Mn 332.68 Mn 19.12 Mn 2.18 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.18 Mn
Dec 31, 2025 2.89 Mn
Sep 30, 2025 2.64 Mn
Jun 30, 2025 3,219.00
Mar 31, 2025 4.25 Mn
Dec 31, 2024 2.67 Mn
Sep 30, 2024 3.41 Mn
Jun 30, 2024 4,803.00
Mar 31, 2024 4.30 Mn
Dec 31, 2023 3.24 Mn
Sep 30, 2023 3.18 Mn
Jun 30, 2023 4.28 Mn
Mar 31, 2023 3,231.00
Dec 31, 2022 2.99 Mn
Sep 30, 2022 3,118.00
Jun 30, 2022 2.64 Mn
Mar 31, 2022 4.42 Mn
Dec 31, 2021 3.45 Mn
Sep 30, 2021 2.55 Mn
Jun 30, 2021 2.74 Mn