Ludwig Enterprises (LUDG) Research & Development (2023 - 2026)
Ludwig Enterprises' (LUDG) quarterly Research & Development came in at $9300.0 in Q1 2026, down 87.47% YoY from $74234.0 in Q1 2025, and up 844.16% on a QoQ basis from $985.0 in Q4 2025.
Ludwig Enterprises (LUDG) Research & Development (2023 - 2026) Analysis & Trends
Ludwig Enterprises (LUDG) has 4 years of Research & Development data on file, last reported at $9300.0 in Q1 2026.
- Quarterly Research & Development fell 87.47% year-over-year to $9300.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $166659.0 (down 4.78% YoY) and the FY2025 annual result came in at $231593.0, up 129.75% from the prior year.
- Research & Development grew to $9300.0 in Q1 2026, from $985.0 in the prior quarter.
- In the past five years, Research & Development ranged from a high of $80318.0 in Q3 2025 to a low of -$17694.0 in Q4 2023.
- A 4-year average of $32139.4 and a median of $38299.0 in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development jumped 552.75% — and 2026, when it tumbled 87.47%.
- Tracing LUDG's Research & Development over 4 years: stood at -$17694.0 in 2023, then rose by 27.31% to -$12862.0 in 2024, then surged by 107.66% to $985.0 in 2025, then surged by 844.16% to $9300.0 in 2026.
- The last three Research & Development figures came in at $9300.0 (Q1 2026), $985.0 (Q4 2025), and $80318.0 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 892.00 Mn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 434.00 Mn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 671.00 Mn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 554.00 Mn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 278.90 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 153.00 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 323.00 Mn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | -562.58 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 28.60 Mn |
| 10 | Ludwig Enterprises | 1.67 Mn | 1.67 Mn | - | 9,300.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9,300.00 |
| Dec 31, 2025 | 985.00 |
| Sep 30, 2025 | 80,318.00 |
| Jun 30, 2025 | 76,056.00 |
| Mar 31, 2025 | 74,234.00 |
| Dec 31, 2024 | -12,862.00 |
| Sep 30, 2024 | 42,100.00 |
| Jun 30, 2024 | 71,562.00 |
| Mar 31, 2024 | 42,982.00 |
| Dec 31, 2023 | -17,694.00 |
| Sep 30, 2023 | 34,498.00 |
| Jun 30, 2023 | -15,806.00 |