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| Date | Value |
|---|---|
| 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 |