Ludwig Enterprises (LUDG) Research & Development (2023 - 2026)
Ludwig Enterprises' (LUDG) quarterly Research & Development came in at $9300.0 in Q1 2026, down 87.47% on a YoY basis from $74234.0 in Q1 2025, and up 844.16% quarter-over-quarter from $985.0 in Q4 2025.
Analysis
Ludwig Enterprises (LUDG) Research & Development (2023 - 2026) Analysis & Trends
Ludwig Enterprises (LUDG) has reported Research & Development for 4 consecutive years, with $9300.0 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 87.47% year-over-year to $9300.0; the trailing twelve-month figure through Mar 2026 stood at $166659.0 (down 30.52% YoY), and the FY2025 full-year result was $231593.0, up 39.83% from the prior year.
- Research & Development improved to $9300.0 in Q1 2026 per LUDG's latest filing, from $985.0 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.
- Historically, Research & Development has averaged $42390.9 across 4 years, with a median of $42982.0 in 2024.
- The sharpest annual moves came in 2024 and 2025: Research & Development jumped 393.65% in 2024, then tumbled 98.1% in 2025.
- Over 4 years, Research & Development stood at -$17694.0 in 2023, then jumped by 393.65% to $51959.0 in 2024, then sank by 98.1% to $985.0 in 2025, then jumped by 844.16% to $9300.0 in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $9300.0, $985.0, and $80318.0 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 47.02 Bn | 45.92 Bn | 486.15 Mn | 228.07 Mn |
| 2 | Labcorp Holdings | 26.15 Bn | 26.01 Bn | 1.11 Bn | - |
| 3 | Quest Diagnostics | 25.87 Bn | 25.25 Bn | 1.03 Bn | - |
| 4 | Guardant Health | 21.79 Bn | 20.74 Bn | 219.03 Mn | 189.95 Mn |
| 5 | Tempus AI | 11.20 Bn | 10.38 Bn | 274.25 Mn | 52.64 Mn |
| 6 | Caris Life Sciences | 6.94 Bn | 6.15 Bn | 182.38 Mn | 53.76 Mn |
| 7 | Sotera Health | 5.24 Bn | 4.88 Bn | 177.96 Mn | - |
| 8 | BillionToOne | 4.66 Bn | 4.11 Bn | 77.11 Mn | 17.32 Mn |
| 9 | iRhythm Holdings | 3.99 Bn | 3.40 Bn | 163.21 Mn | 19.84 Mn |
| 10 | Ludwig Enterprises | 1.67 Mn | 1.67 Mn | - | 9,300.00 |
Historic Data
Download Data
Historic 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 |
| Mar 31, 2024 | 42,982.00 |
| Dec 31, 2023 | -17,694.00 |
| Sep 30, 2023 | 34,498.00 |