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

Sana Biotechnology recorded quarterly Research & Development of $28.7 million in Q1 2026, down 17.77% quarter-over-quarter from $34.9 million in Q4 2025, and down 22.78% year-over-year from $37.2 million in Q1 2025.

Sana Biotechnology's Research & Development history runs 7 years deep, the most recent figure standing at $28.7 million for Q1 2026.

  • In Q1 2026, Research & Development fell 22.78% year-over-year to $28.7 million; the TTM figure through Mar 2026 stood at $123.5 million (down 19.36% YoY), while the FY2025 annual figure was $132.0 million, down 38.81% from the prior year.
  • Research & Development came in at $28.7 million for Q1 2026 at Sana Biotechnology, down from $34.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $76.7 million in Q3 2022 to a low of $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.
  • Across the five-year window, Research & Development plunged 89.05% in 2023 and soared 1738.11% in 2025, its largest moves.
  • Sana Biotechnology's Research & Development stood at $63.9 million in 2022, then slumped by 89.05% to $7.0 million in 2023, then tumbled by 72.86% to $1.9 million in 2024, then jumped by 1738.11% to $34.9 million in 2025, then retreated 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 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 626,092.00
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.32 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -101.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 1.46 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 961.60 Mn
7 Evaxion A 62.56 Bn 62.54 Bn - -2.30 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 1.54 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 364.87 Mn
10 Sana Biotechnology 890.09 Mn 890.09 Mn - 28.72 Mn

Historic Data

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DateValue
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
Jun 30, 2021 45.00 Mn
Mar 31, 2021 41.88 Mn
Dec 31, 2020 36.49 Mn
Sep 30, 2020 40.06 Mn
Jun 30, 2020 29.99 Mn
Mar 31, 2020 27.32 Mn