Lineage Cell Therapeutics (LCTX) Research & Development (2010 - 2026)
Lineage Cell Therapeutics (LCTX) reported Research & Development of $4.2 million for Q1 2026, up 35.97% on a YoY basis from $3.1 million in Q1 2025, and down 48.6% quarter-over-quarter from $8.2 million in Q4 2025.
Lineage Cell Therapeutics (LCTX) Research & Development (2010 - 2026) Analysis & Trends
Lineage Cell Therapeutics has reported Research & Development for 17 years, with the latest figure at $4.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 35.97% year-over-year to $4.2 million; the trailing twelve-month figure through Mar 2026 stood at $18.8 million (up 49.88% YoY), and the FY2025 full-year result was $17.7 million, up 42.15% from the prior year.
- Research & Development for Q1 2026 stood at $4.2 million, down from $8.2 million in the prior quarter.
- The five-year high for Research & Development was $8.2 million in Q4 2025, with the low at $2.9 million in Q2 2024.
- Historically, Research & Development has averaged $3.8 million across 5 years, with a median of $3.4 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development plunged 83.44% — and 2025, when it soared 140.67%.
- Lineage Cell Therapeutics' Research & Development stood at $4.1 million in 2022, then retreated by 4.82% to $3.9 million in 2023, then fell by 12.37% to $3.4 million in 2024, then soared by 140.67% to $8.2 million in 2025, then slumped by 48.6% to $4.2 million in 2026.
- The last three Research & Development figures came in at $4.2 million (Q1 2026), $8.2 million (Q4 2025), and $3.3 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 | Lineage Cell Therapeutics | 303.84 Mn | 239.94 Mn | 1.73 Mn | 4.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.23 Mn |
| Dec 31, 2025 | 8.24 Mn |
| Sep 30, 2025 | 3.27 Mn |
| Jun 30, 2025 | 3.11 Mn |
| Mar 31, 2025 | 3.11 Mn |
| Dec 31, 2024 | 3.42 Mn |
| Sep 30, 2024 | 3.17 Mn |
| Jun 30, 2024 | 2.87 Mn |
| Mar 31, 2024 | 3.01 Mn |
| Dec 31, 2023 | 3.91 Mn |
| Sep 30, 2023 | 3.74 Mn |
| Jun 30, 2023 | 3.87 Mn |
| Mar 31, 2023 | 4.19 Mn |
| Dec 31, 2022 | 4.10 Mn |
| Sep 30, 2022 | 3.59 Mn |
| Jun 30, 2022 | 3.30 Mn |
| Mar 31, 2022 | 2.99 Mn |
| Dec 31, 2021 | 24.78 Mn |
| Sep 30, 2021 | 2.81 Mn |
| Jun 30, 2021 | 2.93 Mn |