LENZ Therapeutics (LENZ) Research & Development (2020 - 2025)

LENZ Therapeutics' (LENZ) quarterly Research & Development came in at $3.8 million in Q3 2025, down 41.23% year-on-year from $6.5 million in Q3 2024, and down 58.16% on a QoQ basis from $9.1 million in Q2 2025.

LENZ Therapeutics (LENZ) Research & Development (2020 - 2025) Analysis & Trends

LENZ Therapeutics (LENZ) has 6 years of Research & Development data on file, last reported at $3.8 million in Q3 2025.

  • On a quarterly basis, Research & Development fell 41.23% year-over-year to $3.8 million in Q3 2025; TTM through Mar 2026 was $12.9 million, a 48.76% decrease from a year earlier, with the FY2025 full-year figure at $18.7 million, down 37.35% from the prior year.
  • Research & Development for Q3 2025 stood at $3.8 million, down from $9.1 million in the prior quarter.
  • Over the last five years, Research & Development for LENZ reached as high as $19.5 million in Q4 2023 and fell as low as $3.8 million in Q3 2025.
  • Historically, Research & Development has averaged $11.5 million across 5 years, with a median of $10.5 million in 2024.
  • Across the five-year window, Research & Development soared 16623.88% in 2021 and tumbled 69.96% in 2024, its largest moves.
  • Year by year, Research & Development stood at $11.2 million in 2021, then surged by 64.77% to $18.5 million in 2022, then grew by 5.82% to $19.5 million in 2023, then tumbled by 69.96% to $5.9 million in 2024, then tumbled by 35.4% to $3.8 million in 2025.
  • Per Business Quant data, the three most recent Research & Development figures were $3.8 million in Q3 2025, $9.1 million in Q2 2025, and $5.8 million in Q1 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 LENZ Therapeutics 171.81 Mn 171.81 Mn 825,000.00 -

Historic Data

Download Data
DateValue
Sep 30, 2025 3.79 Mn
Jun 30, 2025 9.06 Mn
Mar 31, 2025 5.82 Mn
Dec 31, 2024 5.87 Mn
Sep 30, 2024 6.45 Mn
Jun 30, 2024 6.95 Mn
Mar 31, 2024 10.54 Mn
Dec 31, 2023 19.54 Mn
Sep 30, 2023 17.00 Mn
Jun 30, 2023 12.64 Mn
Mar 31, 2023 10.33 Mn
Dec 31, 2022 18.46 Mn
Sep 30, 2022 18.30 Mn
Jun 30, 2022 17.78 Mn
Mar 31, 2022 18.25 Mn
Dec 31, 2021 11.21 Mn
Sep 30, 2021 8.68 Mn
Jun 30, 2021 12.67 Mn
Mar 31, 2021 5.38 Mn
Dec 31, 2020 67,000.00