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

LeonaBio's (LONA) quarterly Research & Development came in at $11.3 million in Q1 2026, up 161.79% year-on-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) 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.

  • On a quarterly basis, Research & Development rose 161.79% year-over-year to $11.3 million in Q1 2026; TTM through Mar 2026 was $24.5 million, a 54.49% decrease from a year earlier, with the FY2025 full-year figure at $17.5 million, down 75.24% from the prior year.
  • Research & Development for Q1 2026 stood at $11.3 million, up from $6.7 million in the prior quarter.
  • Over the last five years, Research & Development for LONA reached as high as $27.2 million in Q3 2023 and fell as low as $2.8 million in Q3 2025.
  • Historically, Research & Development has averaged $15.0 million across 5 years, with a median of $15.2 million in 2022.
  • Across the five-year window, Research & Development sank 84.24% in 2025 and soared 161.79% in 2026, its largest moves.
  • Year by year, Research & Development stood at $15.2 million in 2022, then jumped by 55.42% to $23.7 million in 2023, then tumbled by 60.43% to $9.4 million in 2024, then retreated by 28.37% to $6.7 million in 2025, then jumped by 67.79% to $11.3 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $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 Oculis Holding AG 66,621.14 Bn 66,620.85 Bn - -17.94 Mn
2 Nanobiotix 1,915.18 Bn 1,915.11 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.27 Bn 466.48 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.81 Bn 114.57 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 69.58 Bn 60.82 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.72 Bn 62.72 Bn - 15.66 Mn
8 Argenx Se 55.51 Bn 50.33 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.35 Bn 37.35 Bn - 343.97 Mn
10 LeonaBio 138.33 Mn 70.65 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