Growth Metrics

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% on a QoQ basis from $6.7 million in Q4 2025.

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

  • Quarterly Research & Development rose 161.79% year-over-year to $11.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $24.5 million (down 54.49% YoY) and the FY2025 annual result came in at $17.5 million, down 75.24% from the prior year.
  • Research & Development advanced to $11.3 million in Q1 2026 per LONA's latest filing, from $6.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $27.2 million in Q3 2023 and bottomed at $2.8 million in Q3 2025.
  • The 5-year median for Research & Development is $15.2 million (2022), against an average of $15.0 million.
  • The widest annual swing landed in 2025, when Research & Development sank 84.24%; it then soared 161.79% in 2026.
  • Tracing LONA's Research & Development over 5 years: stood at $15.2 million in 2022, then surged by 55.42% to $23.7 million in 2023, then plunged by 60.43% to $9.4 million in 2024, then decreased by 28.37% to $6.7 million in 2025, then surged by 67.79% to $11.3 million in 2026.
  • Per Business Quant, the three latest LONA Research & Development figures stand at $11.3 million (Q1 2026), $6.7 million (Q4 2025), and $2.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Quantum Biopharma 1,216,509.61 Bn 1,216,509.61 Bn - 626,092.00
2 Alterity Therapeutics 764,224.41 Bn 764,224.38 Bn - 4.32 Mn
3 Legend Biotech 2,716.00 Bn 2,715.71 Bn 242.10 Mn -101.30 Mn
4 Nanobiotix 2,248.83 Bn 2,248.77 Bn - -
5 Akari Therapeutics 1,951.18 Bn 1,951.17 Bn - 1.46 Mn
6 Vertex Pharmaceuticals 113.69 Bn 106.44 Bn 2.59 Bn 961.60 Mn
7 Evaxion A 64.16 Bn 64.14 Bn - -2.30 Mn
8 Regeneron Pharmaceuticals 63.94 Bn 55.18 Bn 3.31 Bn 1.54 Bn
9 Alnylam Pharmaceuticals 40.13 Bn 37.12 Bn 959.66 Mn 364.87 Mn
10 LeonaBio 181.52 Mn 113.84 Mn - 11.26 Mn

Historic Data

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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
Mar 31, 2021 7.45 Mn
Dec 31, 2020 5.19 Mn
Sep 30, 2020 5.83 Mn
Jun 30, 2020 1.68 Mn
Mar 31, 2020 592,000.00
Dec 31, 2019 658,000.00
Sep 30, 2019 1.03 Mn