Ludwig Enterprises (LUDG) Research & Development (2023 - 2026)
Ludwig Enterprises posted quarterly Research & Development of $985.0 for Q4 2025, down 98.1% year-on-year from $51959.0 in Q4 2024, and down 98.77% on a QoQ basis from $80318.0 in Q3 2025.
Ludwig Enterprises (LUDG) has 3 years of Research & Development data on file, last reported at $985.0 in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 98.1% year-over-year to $985.0; the trailing twelve-month figure through Dec 2025 stood at $231593.0 (up 56.56% YoY), and the FY2025 full-year result was $231593.0, up 39.83% from the prior year.
- Research & Development for Q4 2025 stood at $985.0, down from $80318.0 in the prior quarter.
- Across five years, Research & Development topped out at $80318.0 in Q3 2025 and bottomed at -$17694.0 in Q4 2023.
- The 3-year median for Research & Development is $47029.5 (2024), against an average of $39821.2.
- The widest annual swing landed in 2024, when Research & Development jumped 552.75%; it then plunged 98.1% in 2025.
- A 3-year view of Research & Development shows it stood at -$17694.0 in 2023, then soared by 393.65% to $51959.0 in 2024, then slumped by 98.1% to $985.0 in 2025.
- The last three Research & Development figures came in at $985.0 (Q4 2025), $80318.0 (Q3 2025), and $76056.0 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 767.00 Mn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 413.00 Mn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 722.00 Mn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 516.00 Mn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 263.30 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -461.27 Mn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 145.30 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 345.00 Mn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 28.80 Mn |
| 10 | Ludwig Enterprises | - | - | - | 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 | 51,959.00 |
| Sep 30, 2024 | 42,100.00 |
| Jun 30, 2024 | 71,562.00 |
| Dec 31, 2023 | -17,694.00 |
| Sep 30, 2023 | 34,498.00 |
| Jun 30, 2023 | -15,806.00 |