Lineage Cell Therapeutics (LCTX) Research & Development (2010 - 2026)

Lineage Cell Therapeutics' (LCTX) quarterly Research & Development came in at $4.2 million in Q1 2026, up 35.97% year-on-year 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' Research & Development history runs 17 years deep, the most recent figure standing at $4.2 million for Q1 2026.

  • On a quarterly basis, Research & Development rose 35.97% year-over-year to $4.2 million in Q1 2026; TTM through Mar 2026 was $18.8 million, a 49.88% increase from a year earlier, with the FY2025 full-year figure at $17.7 million, up 42.15% from the prior year.
  • Research & Development declined to $4.2 million in Q1 2026 per LCTX's latest filing, from $8.2 million in the prior quarter.
  • Across five years, Research & Development topped out at $8.2 million in Q4 2025 and bottomed at $2.9 million in Q2 2024.
  • The 5-year median for Research & Development is $3.4 million (2024), against an average of $3.8 million.
  • Across the five-year window, Research & Development plunged 83.44% in 2022 and surged 140.67% in 2025, its largest moves.
  • Year by year, Research & Development stood at $4.1 million in 2022, then decreased by 4.82% to $3.9 million in 2023, then retreated by 12.37% to $3.4 million in 2024, then jumped by 140.67% to $8.2 million in 2025, then sank by 48.6% to $4.2 million in 2026.
  • Per Business Quant, the three latest LCTX Research & Development figures stand at $4.2 million (Q1 2026), $8.2 million (Q4 2025), and $3.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Lineage Cell Therapeutics 251.15 Mn 188.44 Mn 1.73 Mn 4.23 Mn

Historic Data

Download Data
DateValue
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