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Bausch + Lomb BLCO Pharmaceuticals — R&D

Other segment segments

Vision Care
$17M+54.5%
Surgical
$12M0.0%

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BHCSalix — R&D
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ZYMEZanidatamab — R&D
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Other financials

Income statement

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Revenue$1.4B+9.1%
Operating income$83.0M+855%
Net income-$14.0M+77.4%
EPS (diluted)-$0.04+77.8%

Balance sheet

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Cash & equivalents$378.0M+39.0%
Total debt$5.1B+2.4%
Total equity$6.4B-1.0%
Total assets$13.9B+0.2%

Cash flow

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Operating cash flow$153.0M+337%
CapEx$71.0M-20.2%
Free cash flow$82.0M+252%

Valuation

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Market cap$5.84B+17.0%
Enterprise value$10.54B+8.9%
P/S1.1×+0.1×

Profitability

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Operating margin6.1%+5.3pp
Net margin-3.2%-1.0pp
FCF margin-3.4%0.0pp

Returns & leverage

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Return on equity-2.7%-0.7pp
Debt / equity0.8×0.0×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Bausch + Lomb in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The source filing: Bausch + Lomb’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001860742-26-000088
(in millions)Vision Care / Three Months Ended June 30, 2026Vision Care / Three Months Ended June 30, 2025Pharmaceuticals / Three Months Ended June 30, 2026Pharmaceuticals / Three Months Ended June 30, 2025Surgical / Three Months Ended June 30, 2026Surgical / Three Months Ended June 30, 2025Total / Three Months Ended June 30, 2026Total / Three Months Ended June 30, 2025
Cost of goods sold (excluding amortization and impairments of intangible assets)29129089104147129
Cost of other revenues2
Selling, general and administrative2472431491548073
Research and development171127121212
Segment Profit$229$209$89$37$17$2335248
Corporate(170)(170)
Amortization of intangible assets(57)(67)
Other expense, net(25)(22)

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Bausch + Lomb's pharmaceuticals — R&D?
Bausch + Lomb (BLCO) reported pharmaceuticals — R&D of $27M in Q2 2026.
How has Bausch + Lomb's pharmaceuticals — R&D changed year-over-year?
Bausch + Lomb's pharmaceuticals — R&D increased by 125.0% year-over-year, from $12M to $27M.
What is the long-term trend for Bausch + Lomb's pharmaceuticals — R&D?
Over 3 years (2022 to 2025), Bausch + Lomb's pharmaceuticals — R&D has grown at a 22.3% compound annual growth rate (CAGR), from $29M to $53M.
What does pharmaceuticals — R&D mean?
Tracks the investment in scientific discovery, clinical trials, and regulatory processes required to bring new ophthalmic pharmaceutical products to market. This metric is a critical proxy for the segment's long-term innovation pipeline and future competitive positioning.

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