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