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
DateValue
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