Lakefront Biotherapeutics (LKFT) Research & Development (2016 - 2026)
Lakefront Biotherapeutics (LKFT) posted quarterly Research & Development of -$36.2 million for Q1 2026, up 81.14% year-over-year from -$20.0 million in Q1 2025, and down 103.84% quarter-over-quarter from $944.4 million in Q4 2025.
Analysis
Lakefront Biotherapeutics (LKFT) Research & Development (2016 - 2026) Analysis & Trends
Lakefront Biotherapeutics (LKFT) has reported Research & Development for 11 consecutive years, with -$36.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 81.14% year-over-year to -$36.2 million; the TTM figure through Mar 2026 stood at $704.1 million (up 197.67% YoY), while the FY2025 annual figure was $534.8 million, up 49.19% from the prior year.
- Research & Development retreated to -$36.2 million in Q1 2026 per LKFT's latest filing, from $944.4 million in the prior quarter.
- Across five years, Research & Development topped out at $944.4 million in Q4 2025 and bottomed at -$396.8 million in Q3 2025.
- Historically, Research & Development has averaged $122.8 million across 5 years, with a median of -$32.5 million in 2022.
- On a YoY basis, Research & Development climbed as much as 196.58% in 2025 and fell as far as 147.09% in 2025.
- Lakefront Biotherapeutics' Research & Development stood at $382.7 million in 2022, then rose by 14.85% to $439.5 million in 2023, then jumped by 39.49% to $613.1 million in 2024, then soared by 54.04% to $944.4 million in 2025, then plunged by 103.84% to -$36.2 million in 2026.
- Business Quant data shows LKFT's Research & Development at -$36.2 million in Q1 2026, $944.4 million in Q4 2025, and -$396.8 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.87 Bn | 131.01 Bn | 2.84 Bn | 993.80 Mn |
| 2 | Regeneron Pharmaceuticals | 85.57 Bn | 77.57 Bn | 3.93 Bn | 1.63 Bn |
| 3 | Argenx Se | 63.51 Bn | 58.32 Bn | 1.37 Bn | -486.00 Mn |
| 4 | Moderna | 58.19 Bn | 53.05 Bn | 52.00 Mn | 651.00 Mn |
| 5 | Revolution Medicines | 44.07 Bn | 44.07 Bn | - | 394.92 Mn |
| 6 | BeOne Medicines | 39.99 Bn | 34.89 Bn | 1.53 Bn | 612.28 Mn |
| 7 | Alnylam Pharmaceuticals | 35.38 Bn | 32.07 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Royalty Pharma | 28.42 Bn | 27.58 Bn | - | 97.90 Mn |
| 9 | Insmed | 27.41 Bn | 26.25 Bn | 358.27 Mn | 210.03 Mn |
| 10 | Lakefront Biotherapeutics | 1.89 Bn | 1.89 Bn | 3.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -36.25 Mn |
| Dec 31, 2025 | -534.38 Bn |
| Sep 30, 2025 | -396.77 Mn |
| Jun 30, 2025 | 192.70 Mn |
| Mar 31, 2025 | -192.23 Mn |
| Dec 31, 2024 | -358.22 Bn |
| Sep 30, 2024 | -249.29 Mn |
| Jun 30, 2024 | 64.97 Mn |
| Mar 31, 2024 | -77.80 Mn |
| Dec 31, 2023 | -259.44 Bn |
| Mar 31, 2023 | -56.41 Mn |
| Dec 31, 2022 | -274.89 Bn |
| Mar 31, 2022 | -112.15 Mn |
| Jun 30, 2021 | 167.23 Mn |
| Mar 31, 2021 | -156.76 Mn |
| Jun 30, 2020 | 162.41 Mn |
| Mar 31, 2020 | -128.90 Mn |
| Dec 31, 2019 | -134.87 Mn |
| Sep 30, 2019 | -134.28 Mn |
| Jun 30, 2019 | -106.04 Mn |