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Zenas BioPharma (ZBIO) Research & Development (2023 - 2025)

Zenas BioPharma has reported Research & Development over the past 3 years, most recently at $55.7 million for Q4 2025.

  • Quarterly results put Research & Development at $55.7 million for Q4 2025, up 13.35% from a year ago — trailing twelve months through Dec 2025 was $168.1 million (up 20.79% YoY), and the annual figure for FY2025 was $168.1 million, up 20.79%.
  • Research & Development for Q4 2025 was $55.7 million at Zenas BioPharma, up from $34.4 million in the prior quarter.
  • Over the last five years, Research & Development for ZBIO hit a ceiling of $55.7 million in Q4 2025 and a floor of $9.4 million in Q3 2023.
  • Median Research & Development over the past 3 years was $34.1 million (2024), compared with a mean of $33.7 million.
  • Biggest five-year swings in Research & Development: skyrocketed 258.53% in 2024 and later grew 2.6% in 2025.
  • Zenas BioPharma's Research & Development stood at $20.4 million in 2023, then skyrocketed by 140.75% to $49.2 million in 2024, then rose by 13.35% to $55.7 million in 2025.
  • The last three reported values for Research & Development were $55.7 million (Q4 2025), $34.4 million (Q3 2025), and $43.0 million (Q2 2025) per Business Quant data.