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

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

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

Sana Biotechnology (SANA) has 7 years of Research & Development data on file, last reported at $28.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development fell 22.78% year-over-year to $28.7 million; the trailing twelve-month figure through Mar 2026 stood at $123.5 million (down 19.36% YoY), and the FY2025 full-year result was $132.0 million, down 38.81% from the prior year.
  • Research & Development declined to $28.7 million in Q1 2026, 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 tumbled 89.05% in 2023 and surged 1738.11% in 2025, its largest moves.
  • Tracing SANA's Research & Development over 5 years: stood at $63.9 million in 2022, then plunged by 89.05% to $7.0 million in 2023, then sank by 72.86% to $1.9 million in 2024, then surged by 1738.11% to $34.9 million in 2025, then declined by 17.77% to $28.7 million in 2026.
  • Business Quant data shows SANA's Research & Development at $28.7 million in Q1 2026, $34.9 million in Q4 2025, and $30.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Sana Biotechnology 881.79 Mn 881.79 Mn - 28.72 Mn

Historic Data

Download Data
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