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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |