Lb Pharmaceuticals (LBRX) Research & Development (2024 - 2026)

Lb Pharmaceuticals' (LBRX) quarterly Research & Development came in at $14.6 million in Q1 2026, up 328.09% year-on-year from $3.4 million in Q1 2025, and up 72.64% quarter-over-quarter from $8.5 million in Q4 2025.

Lb Pharmaceuticals (LBRX) Research & Development (2024 - 2026) Analysis & Trends

Lb Pharmaceuticals' Research & Development history runs 3 years deep, the most recent figure standing at $14.6 million for Q1 2026.

  • On a quarterly basis, Research & Development rose 328.09% year-over-year to $14.6 million in Q1 2026; TTM through Mar 2026 was $29.0 million, a N/A change from a year earlier, with the FY2025 full-year figure at $16.7 million, down 67.28% from the prior year.
  • Research & Development advanced to $14.6 million in Q1 2026 per LBRX's latest filing, from $8.5 million in the prior quarter.
  • Across five years, Research & Development topped out at $14.6 million in Q1 2026 and bottomed at $376000.0 in Q4 2024.
  • The 3-year median for Research & Development is $6.0 million (2025), against an average of $6.7 million.
  • Biggest YoY gain for Research & Development was 2156.12% in 2025; the steepest drop was 77.32% in 2025.
  • Year by year, Research & Development stood at $376000.0 in 2024, then jumped by 2156.12% to $8.5 million in 2025, then soared by 72.64% to $14.6 million in 2026.
  • Per Business Quant, the three latest LBRX Research & Development figures stand at $14.6 million (Q1 2026), $8.5 million (Q4 2025), and $2.4 million (Q3 2025).

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 Lb Pharmaceuticals 977.73 Mn 977.73 Mn - 14.65 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.65 Mn
Dec 31, 2025 8.48 Mn
Sep 30, 2025 2.42 Mn
Mar 31, 2025 3.42 Mn
Dec 31, 2024 376,000.00
Sep 30, 2024 10.66 Mn