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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |