Mustang Bio MBIO
NASDAQ MBIO
$0.53 -0.01 (-2.43%)
As of: Sep 9, 2026 · 3:53 PM EDT

Mustang Bio (MBIO) Research & Development (2016 - 2026)

Mustang Bio's (MBIO) quarterly Research & Development came in at $224000.0 in Q2 2026, up 128.57% year-over-year from $98000.0 in Q2 2025, and up 25.84% quarter-over-quarter from $178000.0 in Q1 2026.

Analysis

Mustang Bio (MBIO) Research & Development (2016 - 2026) Analysis & Trends

Mustang Bio (MBIO) has reported Research & Development for 11 consecutive years, with $224000.0 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Research & Development rose 128.57% year-over-year to $224000.0 in Q2 2026; TTM through Jun 2026 was -$248000.0, a 59.48% increase from a year earlier, with the FY2025 full-year figure at -$1.5 million, down 118.01% from the prior year.
  • Research & Development was $224000.0 for Q2 2026 at Mustang Bio, up from $178000.0 in the prior quarter.
  • Over five years, Research & Development peaked at $16.3 million in Q1 2022 and troughed at -$964000.0 in Q1 2025.
  • A 5-year average of $6.1 million and a median of $4.1 million in 2024 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development tumbled 684.21% in 2025 and soared 128.57% in 2026, its largest moves.
  • Over 5 years, Research & Development stood at $15.6 million in 2022, then tumbled by 60.58% to $6.1 million in 2023, then sank by 96.8% to $197000.0 in 2024, then slumped by 260.91% to -$317000.0 in 2025, then jumped by 170.66% to $224000.0 in 2026.
  • The last three Research & Development figures came in at $224000.0 (Q2 2026), $178000.0 (Q1 2026), and -$317000.0 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Krystal Biotech 10.60 Bn 9.76 Bn 112.79 Mn 14.52 Mn
2 CRISPR Therapeutics AG 5.39 Bn 5.39 Bn - 67.15 Mn
3 Iovance Biotherapeutics 3.98 Bn 3.68 Bn 55.72 Mn 58.85 Mn
4 Legend Biotech 3.97 Bn 3.00 Bn 251.50 Mn -96.00 Mn
5 uniQure 3.09 Bn 3.09 Bn 5.49 Mn 33.96 Mn
6 Beam Therapeutics 3.06 Bn 3.06 Bn - 95.10 Mn
7 Precigen 2.54 Bn 2.54 Bn 52.17 Mn 7.28 Mn
8 Sarepta Therapeutics 2.38 Bn 1.58 Bn 251.87 Mn 91.26 Mn
9 Vericel 2.06 Bn 1.89 Bn 56.40 Mn 7.49 Mn
10 Mustang Bio 3.64 Mn 3.64 Mn - 224,000.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 224,000.00
Mar 31, 2026 178,000.00
Dec 31, 2025 -317,000.00
Sep 30, 2025 -333,000.00
Jun 30, 2025 98,000.00
Mar 31, 2025 -964,000.00
Dec 31, 2024 197,000.00
Sep 30, 2024 57,000.00
Jun 30, 2024 4.36 Mn
Mar 31, 2024 3.80 Mn
Dec 31, 2023 6.15 Mn
Sep 30, 2023 9.53 Mn
Jun 30, 2023 10.84 Mn
Mar 31, 2023 14.00 Mn
Dec 31, 2022 15.60 Mn
Sep 30, 2022 15.42 Mn
Jun 30, 2022 15.16 Mn
Mar 31, 2022 16.29 Mn
Dec 31, 2021 13.26 Mn
Sep 30, 2021 14.08 Mn