Lightbridge (LTBR) Research & Development (2011 - 2026)
Lightbridge's Research & Development came in at $3.91 million for Q2 2026, up 138.3% from $1.64 million a year earlier and up 16.7% from the prior quarter.
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Analysis
Lightbridge (LTBR) Research & Development (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Lightbridge reported Research & Development of $13.16 million, up 120.4% year-over-year; for FY2025, it came in at $9.21 million, up 100.3% from FY2024.
- Research & Development has increased in each of the last three years, with a five-year compound annual growth rate of 59.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $4.6 million in FY2024 (+139.2%), $1.92 million in FY2023 (+187.1%), $669,818 in FY2022 (-51.0%) and $1.37 million in FY2021 (+53.3%).
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q2 2011.
- Year-over-year, Research & Development has increased for 14 consecutive quarters, with growth averaging 112.9% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q4 2023 (growth of 708.8%), and the weakest in Q4 2022 (a decline of 75.8%).
- Business Quant data shows LTBR's Research & Development at $3.35 million (Q1 2026), $3.86 million (Q4 2025) and $2.04 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cameco | 35.07 Bn | 31.66 Bn | - | - |
| 2 | NexGen Energy | 5.02 Bn | 2.57 Bn | - | - |
| 3 | Warrior Met Coal | 4.47 Bn | 3.17 Bn | 169.64 Mn | - |
| 4 | Core Natural Resources | 4.44 Bn | 2.68 Bn | 252.03 Mn | - |
| 5 | Uranium Energy | 3.84 Bn | 2.25 Bn | 10.03 Mn | 14.29 Mn |
| 6 | Alliance Resource Partners | 3.31 Bn | 3.00 Bn | 202.70 Mn | - |
| 7 | Peabody Energy | 2.77 Bn | 576.88 Mn | - | - |
| 8 | Centrus Energy | 2.21 Bn | -5.12 Bn | 49.90 Mn | 10.80 Mn |
| 9 | Energy Fuels | 2.08 Bn | -863.94 Mn | 14.42 Mn | 8.44 Mn |
| 10 | Lightbridge | 75.28 Mn | -733.05 Mn | - | 3.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.91 Mn |
| Mar 31, 2026 | 3.35 Mn |
| Dec 31, 2025 | 3.86 Mn |
| Sep 30, 2025 | 2.04 Mn |
| Jun 30, 2025 | 1.64 Mn |
| Mar 31, 2025 | 1.67 Mn |
| Dec 31, 2024 | 1.37 Mn |
| Sep 30, 2024 | 1.30 Mn |
| Jun 30, 2024 | 909,612.00 |
| Mar 31, 2024 | 1.02 Mn |
| Dec 31, 2023 | 555,215.00 |
| Sep 30, 2023 | 552,751.00 |
| Jun 30, 2023 | 366,855.00 |
| Mar 31, 2023 | 448,044.00 |
| Dec 31, 2022 | 68,648.00 |
| Sep 30, 2022 | 172,871.00 |
| Jun 30, 2022 | 165,476.00 |
| Mar 31, 2022 | 262,823.00 |
| Dec 31, 2021 | 284,102.00 |
| Sep 30, 2021 | 439,630.00 |
API Access
Lightbridge Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=LTBR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "LTBR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=LTBR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();