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

Lb Pharmaceuticals (LBRX) recorded quarterly Research & Development of $14.6 million in Q1 2026, up 72.64% quarter-over-quarter from $8.5 million in Q4 2025, and up 328.09% on a YoY basis from $3.4 million in Q1 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.

  • In Q1 2026, Research & Development rose 328.09% year-over-year to $14.6 million; the TTM figure through Mar 2026 stood at $29.0 million (changed N/A YoY), while the FY2025 annual figure was $16.7 million, down 67.28% from the prior year.
  • Research & Development was $14.6 million for Q1 2026 at Lb Pharmaceuticals, up from $8.5 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $14.6 million in Q1 2026 to a low of $376000.0 in Q4 2024.
  • Historically, Research & Development has averaged $6.7 million across 3 years, with a median of $6.0 million in 2025.
  • Biggest YoY gain for Research & Development was 2156.12% in 2025; the steepest drop was 77.32% in 2025.
  • A 3-year view of Research & Development shows it 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.
  • The last three Research & Development figures came in at $14.6 million (Q1 2026), $8.5 million (Q4 2025), and $2.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.32 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 15.66 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 626,092.00
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -101.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -2.30 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 1.46 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 357,444.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 961.60 Mn
9 Abivax 91.96 Bn 91.96 Bn - -58.00 Mn
10 Lb Pharmaceuticals 843.30 Mn 843.30 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