Lantern Pharma LTRN
NASDAQ LTRN
$1.76 -0.01 (-0.56%)
At close: Sep 10, 2026 · 4:00 PM EDT

Lantern Pharma (LTRN) Research & Development (2020 - 2026)

Lantern Pharma's (LTRN) quarterly Research & Development came in at $1.8 million in Q2 2026, down 41.64% on a YoY basis from $3.1 million in Q2 2025, and up 3.83% quarter-over-quarter from $1.7 million in Q1 2026.

Analysis

Lantern Pharma (LTRN) Research & Development (2020 - 2026) Analysis & Trends

Lantern Pharma (LTRN) has reported Research & Development for 7 consecutive years, with $1.8 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development fell 41.64% year-over-year to $1.8 million; the trailing twelve-month figure through Jun 2026 stood at $8.7 million (down 39.26% YoY), and the FY2025 full-year result was $11.5 million, down 28.6% from the prior year.
  • Research & Development rose to $1.8 million in Q2 2026 per LTRN's latest filing, from $1.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $4.3 million in Q4 2024 and bottomed at $702296.0 in Q3 2022.
  • Historically, Research & Development has averaged $2.9 million across 5 years, with a median of $2.9 million in 2022.
  • The sharpest annual moves came in 2022 and 2023: Research & Development slumped 76.31% in 2022, then jumped 214.67% in 2023.
  • Over 5 years, Research & Development stood at $2.3 million in 2022, then surged by 58.7% to $3.6 million in 2023, then advanced by 19.49% to $4.3 million in 2024, then slumped by 35.71% to $2.7 million in 2025, then tumbled by 34.75% to $1.8 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $1.8 million, $1.7 million, and $2.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Amgen 206.44 Bn 192.45 Bn 7.24 Bn 1.87 Bn
2 Gilead Sciences 179.97 Bn 176.79 Bn 6.22 Bn 1.76 Bn
3 Vertex Pharmaceuticals 130.57 Bn 122.72 Bn 2.84 Bn 993.80 Mn
4 Regeneron Pharmaceuticals 81.63 Bn 73.63 Bn 3.93 Bn 1.63 Bn
5 Argenx Se 60.34 Bn 55.16 Bn 1.37 Bn -486.00 Mn
6 Moderna 54.37 Bn 49.23 Bn 52.00 Mn 651.00 Mn
7 Alnylam Pharmaceuticals 33.07 Bn 29.76 Bn 992.69 Mn 413.13 Mn
8 Biogen 31.84 Bn 30.55 Bn 1.96 Bn 529.60 Mn
9 Roivant Sciences 29.49 Bn 29.49 Bn 1.16 Mn 202.02 Mn
10 Lantern Pharma 21.99 Mn 21.99 Mn - 1.79 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.79 Mn
Mar 31, 2026 1.72 Mn
Dec 31, 2025 2.74 Mn
Sep 30, 2025 2.44 Mn
Jun 30, 2025 3.07 Mn
Mar 31, 2025 3.26 Mn
Dec 31, 2024 4.27 Mn
Sep 30, 2024 3.72 Mn
Jun 30, 2024 3.89 Mn
Mar 31, 2024 4.25 Mn
Dec 31, 2023 3.57 Mn
Sep 30, 2023 2.21 Mn
Jun 30, 2023 3.56 Mn
Mar 31, 2023 2.55 Mn
Dec 31, 2022 2.25 Mn
Sep 30, 2022 702,296.00
Jun 30, 2022 2.99 Mn
Mar 31, 2022 2.66 Mn
Dec 31, 2021 2.16 Mn
Sep 30, 2021 2.96 Mn