Legend Biotech (LEGN) Research & Development (2019 - 2025)
Legend Biotech (LEGN) reported Research & Development of -$101.3 million for Q4 2025, up 2.97% on a YoY basis from -$98.4 million in Q4 2024, and up 10.47% quarter-over-quarter from -$113.1 million in Q3 2025.
Legend Biotech (LEGN) Research & Development (2019 - 2025) Analysis & Trends
Legend Biotech has reported Research & Development for 7 years, with the latest figure at -$101.3 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development rose 2.97% year-over-year to -$101.3 million; the trailing twelve-month figure through Dec 2025 stood at -$414.7 million (changed 0.28% YoY), and the FY2025 full-year result was -$414.7 million, changed 0.29% from the prior year.
- Research & Development for Q4 2025 stood at -$101.3 million, up from -$113.1 million in the prior quarter.
- The five-year high for Research & Development was -$71072.0 in Q1 2021, with the low at -$113.1 million in Q3 2025.
- Historically, Research & Development has averaged -$84.1 million across 5 years, with a median of -$95.7 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development sank 114639.98% — and 2023, when it jumped 99.87%.
- Legend Biotech's Research & Development stood at -$86.5 million in 2021, then climbed by 6.64% to -$80.8 million in 2022, then jumped by 99.87% to -$105683.0 in 2023, then slumped by 98685.99% to -$104.4 million in 2024, then advanced by 2.97% to -$101.3 million in 2025.
- The last three Research & Development figures came in at -$101.3 million (Q4 2025), -$113.1 million (Q3 2025), and -$98.3 million (Q2 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 | Regeneron Pharmaceuticals | 63.43 Bn | 54.67 Bn | 3.31 Bn | 1.54 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -101.30 Mn |
| Sep 30, 2025 | -113.15 Mn |
| Jun 30, 2025 | -98.30 Mn |
| Mar 31, 2025 | -101.92 Mn |
| Dec 31, 2024 | -104.40 Mn |
| Sep 30, 2024 | -95.52 Mn |
| Jun 30, 2024 | -112.63 Mn |
| Mar 31, 2024 | -100.96 Mn |
| Dec 31, 2023 | -105,683.00 |
| Sep 30, 2023 | -95.86 Mn |
| Jun 30, 2023 | -95.79 Mn |
| Mar 31, 2023 | -84.89 Mn |
| Dec 31, 2022 | -80.76 Mn |
| Sep 30, 2022 | -104.52 Mn |
| Jun 30, 2022 | -68.83 Mn |
| Mar 31, 2022 | -81.55 Mn |
| Dec 31, 2021 | -86.50 Mn |
| Sep 30, 2021 | -72.31 Mn |
| Jun 30, 2021 | -83.46 Mn |
| Mar 31, 2021 | -71,072.00 |