Acquired in-process research and development

Operating Expenses

Eli Lilly Acquired in-process research and development decreased by 19.4% to $528.80M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 179.5%, from $189.20M to $528.80M. Over 4 years (FY 2021 to FY 2025), Acquired in-process research and development shows an upward trend with a 35.0% CAGR.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ4 2013
Last reportedQ4 2025

How to read this metric

High levels indicate an active inorganic growth strategy, while low levels suggest a focus on internal development.

Detailed definition

This metric captures the costs associated with acquiring research and development projects from third parties that have...

Peer comparison

Common in the pharmaceutical and biotech sectors where M&A is a primary strategy for pipeline replenishment.

Metric ID: is_lly_acquired_in_process_research_and_development

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$25.00M$174.00M$376.60M$165.60M$440.40M$62.40M$240.10M$105.00M$97.10M$2.98B$622.60M$110.50M$154.30M$2.83B$189.20M$1.57B$153.80M$655.70M$528.80M
QoQ Change+596.0%+116.4%-56.0%+165.9%-85.8%+284.8%-56.3%-7.5%>999%-79.1%-82.3%+39.6%>999%-93.3%+730.7%-90.2%+326.3%-19.4%
YoY Change>999%-64.1%-36.2%-36.6%-78.0%>999%+159.3%+5.2%+58.9%-5.0%-69.6%>999%-0.3%-76.8%+179.5%
Range$25.00M$2.98B
CAGR+97.0%
Avg YoY Growth+512.5%
Median YoY Growth-0.3%

Frequently Asked Questions

What is Eli Lilly's acquired in-process research and development?
Eli Lilly (LLY) reported acquired in-process research and development of $528.80M in Q4 2025.
How has Eli Lilly's acquired in-process research and development changed year-over-year?
Eli Lilly's acquired in-process research and development increased by 179.5% year-over-year, from $189.20M to $528.80M.
What is the long-term trend for Eli Lilly's acquired in-process research and development?
Over 4 years (2021 to 2025), Eli Lilly's acquired in-process research and development has grown at a 35.0% compound annual growth rate (CAGR), from $874.90M to $2.91B.
What does acquired in-process research and development mean?
Costs paid to acquire unfinished research projects from other companies.

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