Sana Biotechnology (SANA) Research & Development (2020 - 2026)

Sana Biotechnology (SANA) posted Research & Development of $28.7 million for Q1 2026, down 17.77% sequentially from $34.9 million in Q4 2025, and down 22.78% YoY from $37.2 million in Q1 2025.

Sana Biotechnology (SANA) Research & Development (2020 - 2026) Analysis & Trends

Sana Biotechnology has reported Research & Development for 7 years, with the latest figure at $28.7 million in Q1 2026.

  • Quarterly Research & Development fell 22.78% year-over-year to $28.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $123.5 million (down 19.36% YoY) and the FY2025 annual result came in at $132.0 million, down 38.81% from the prior year.
  • Research & Development declined to $28.7 million in Q1 2026 per SANA's latest filing, from $34.9 million in the prior quarter.
  • Over five years, Research & Development peaked at $76.7 million in Q3 2022 and troughed at $1.9 million in Q4 2024.
  • A 5-year average of $48.9 million and a median of $56.4 million in 2024 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2023 and 2025: Research & Development sank 89.05% in 2023, then jumped 1738.11% in 2025.
  • Over 5 years, Research & Development stood at $63.9 million in 2022, then tumbled by 89.05% to $7.0 million in 2023, then plunged by 72.86% to $1.9 million in 2024, then surged by 1738.11% to $34.9 million in 2025, then decreased by 17.77% to $28.7 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $28.7 million, $34.9 million, and $30.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Vertex Pharmaceuticals 128.13 Bn 120.28 Bn 2.84 Bn 993.80 Mn
2 Regeneron Pharmaceuticals 112.33 Bn 104.33 Bn 3.93 Bn 1.63 Bn
3 Argenx Se 53.24 Bn 48.05 Bn 1.41 Bn 1.37 Bn
4 Revolution Medicines 43.64 Bn 43.64 Bn - 394.92 Mn
5 BeOne Medicines 39.27 Bn 34.17 Bn 1.53 Bn 612.28 Mn
6 MindWalk Holdings 35.32 Bn 35.31 Bn 1.82 Bn 1,146.05
7 Royalty Pharma 33.72 Bn 35.84 Bn - 97.90 Mn
8 Alnylam Pharmaceuticals 30.58 Bn 27.27 Bn 992.69 Mn 413.13 Mn
9 Insmed 27.01 Bn 25.85 Bn 358.27 Mn 210.03 Mn
10 Sana Biotechnology 1.06 Bn 1.06 Bn - 30.73 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 30.73 Mn
Mar 31, 2026 28.72 Mn
Dec 31, 2025 34.92 Mn
Sep 30, 2025 30.11 Mn
Jun 30, 2025 29.76 Mn
Mar 31, 2025 37.19 Mn
Dec 31, 2024 1.90 Mn
Sep 30, 2024 53.21 Mn
Jun 30, 2024 60.87 Mn
Mar 31, 2024 56.45 Mn
Dec 31, 2023 7.00 Mn
Sep 30, 2023 65.61 Mn
Jun 30, 2023 73.04 Mn
Mar 31, 2023 67.17 Mn
Dec 31, 2022 63.92 Mn
Sep 30, 2022 76.74 Mn
Jun 30, 2022 72.54 Mn
Mar 31, 2022 72.69 Mn
Dec 31, 2021 108.51 Mn
Sep 30, 2021 53.25 Mn