Ludwig Enterprises (LUDG) Research & Development (2023 - 2026)
Ludwig Enterprises (LUDG) recorded Research & Development of $9,300 in Q1 2026, down 87.5% from $74,234 a year earlier but up 844.2% from the prior quarter.
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Analysis
Ludwig Enterprises (LUDG) Research & Development (2023 - 2026) Analysis & Trends
On a TTM basis, Ludwig Enterprises' Research & Development came in at $166,659 as of Mar 31, 2026, down 30.5% year-over-year; for FY2025, it was $231,593, up 39.8% from FY2024.
- Across earlier years, Research & Development came in at $165,621 in FY2024 (-59.7%) and $411,014 in FY2023.
- Quarterly Research & Development has ranged from -$17,694 in Q4 2023 to $80,318 in Q3 2025 over the past five years.
- On a year-over-year basis, Research & Development rose in three of the last five quarters, with an average decline of 13.3%.
- Per Business Quant, the preceding three quarters came in at $985.00 (Q4 2025), $80,318 (Q3 2025) and $76,056 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | - |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | - |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 96.53 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 52.64 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | - |
| 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 |
| Dec 31, 2023 | -17,694.00 |
| Sep 30, 2023 | 34,498.00 |
API Access
Ludwig Enterprises Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=LUDG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "LUDG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=LUDG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();