LeonaBio (LONA) Research & Development (2019 - 2026)

LeonaBio (LONA) reported Research & Development of $11.3 million for Q1 2026, up 161.79% year-over-year from $4.3 million in Q1 2025, and up 67.79% quarter-over-quarter from $6.7 million in Q4 2025.

LeonaBio (LONA) Research & Development (2019 - 2026) Analysis & Trends

LeonaBio (LONA) has 8 years of Research & Development data on file, last reported at $11.3 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $11.3 million, up 161.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $24.5 million (down 54.49% YoY), and the FY2025 annual result was $17.5 million, down 75.24% from the prior year.
  • Research & Development grew to $11.3 million in Q1 2026 per LONA's latest filing, from $6.7 million in the prior quarter.
  • Over five years, Research & Development peaked at $27.2 million in Q3 2023 and troughed at $2.8 million in Q3 2025.
  • A 5-year average of $15.0 million and a median of $15.2 million in 2022 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2025 and 2026: Research & Development tumbled 84.24% in 2025, then surged 161.79% in 2026.
  • A 5-year view of Research & Development shows it stood at $15.2 million in 2022, then jumped by 55.42% to $23.7 million in 2023, then slumped by 60.43% to $9.4 million in 2024, then dropped by 28.37% to $6.7 million in 2025, then jumped by 67.79% to $11.3 million in 2026.
  • Business Quant data shows LONA's Research & Development at $11.3 million in Q1 2026, $6.7 million in Q4 2025, and $2.8 million in Q3 2025.

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 LeonaBio 154.12 Mn 86.44 Mn - 11.26 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.26 Mn
Dec 31, 2025 6.71 Mn
Sep 30, 2025 2.83 Mn
Jun 30, 2025 3.66 Mn
Mar 31, 2025 4.30 Mn
Dec 31, 2024 9.37 Mn
Sep 30, 2024 17.92 Mn
Jun 30, 2024 22.15 Mn
Mar 31, 2024 21.24 Mn
Dec 31, 2023 23.68 Mn
Sep 30, 2023 27.20 Mn
Jun 30, 2023 21.62 Mn
Mar 31, 2023 21.29 Mn
Dec 31, 2022 15.24 Mn
Sep 30, 2022 16.97 Mn
Jun 30, 2022 14.80 Mn
Mar 31, 2022 14.46 Mn
Dec 31, 2021 12.62 Mn
Sep 30, 2021 10.71 Mn
Jun 30, 2021 12.02 Mn