Legend Biotech LEGN
NASDAQ LEGN
$21.52 -0.23 (-1.06%)
As of: Sep 4, 2026 · 3:59 PM EDT

Legend Biotech (LEGN) Research & Development (2019 - 2026)

Legend Biotech's (LEGN) quarterly Research & Development came in at $85.7 million in Q1 2026, down 15.9% YoY from $101.9 million in Q1 2025, and up 184.6% on a QoQ basis from -$101.3 million in Q4 2025.

Analysis

Legend Biotech (LEGN) Research & Development (2019 - 2026) Analysis & Trends

Legend Biotech (LEGN) has 8 years of Research & Development data on file, last reported at $85.7 million in Q1 2026.

  • Quarterly Research & Development fell 15.9% year-over-year to $85.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$227.0 million (down 7.79% YoY) and the FY2025 annual result came in at -$414.7 million, changed 0.29% from the prior year.
  • Research & Development improved to $85.7 million in Q1 2026, from -$101.3 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $101.9 million in Q1 2025 to a low of -$113.1 million in Q3 2025.
  • A 5-year average of -$67.7 million and a median of -$95.8 million in 2023 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development sank 114639.98% — and 2025, when it jumped 200.93%.
  • Tracing LEGN's Research & Development over 5 years: stood at -$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, then jumped by 184.6% to $85.7 million in 2026.
  • The last three Research & Development figures came in at $85.7 million (Q1 2026), -$101.3 million (Q4 2025), and -$113.1 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 993.80 Mn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 1.63 Bn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -486.00 Mn
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 651.00 Mn
5 Revolution Medicines 44.33 Bn 44.33 Bn - 394.92 Mn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 612.28 Mn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 413.13 Mn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 97.90 Mn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 210.03 Mn
10 Legend Biotech 3.97 Bn 3.00 Bn 251.50 Mn -96.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -96.00 Mn
Mar 31, 2026 -85.70 Mn
Dec 31, 2025 -101.30 Mn
Sep 30, 2025 -113.15 Mn
Jun 30, 2025 -98.30 Mn
Mar 31, 2025 -101.90 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 -105.68 Mn
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