LONA (LONA) reported R&D of $11.26M in Q1 2026.

How has LONA's R&D changed year-over-year?

LONA's R&D increased by 161.8% year-over-year, from $4.3M to $11.26M.

What is the long-term trend for LONA's R&D?

Over 4 years (2021 to 2025), LONA's R&D has grown at a -20.0% compound annual growth rate (CAGR), from $42.79M to $17.5M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

LONA LONA R&D

R&D at other companies

Eli LillyLLY

$3.51B+28.4%

ArvinasARVN

$60.3M-33.6%

Olema Pharmaceuticals, Inc.OLMA

$49.23M+60.8%

Aura Biosciences, Inc.AURA

$27.96M+19.8%

Inhibrx Biosciences, Inc.INBX

$25.22M-31.6%

Erasca, Inc.ERAS

$27.27M+5.0%

Other financials

Income statement

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Operating income-$17.2M-80.5%

Net income-$32.9M-260%

EPS (diluted)-$1.73+26.1%

Balance sheet

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Cash & equivalents$32.8M+24.3%

Total debt$691.0K-38.2%

Total equity$49.3M+32.1%

Total assets$71.6M+64.5%

Cash flow

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Operating cash flow-$20.9M-42.5%

CapEx$28.0K-15.2%

Free cash flow-$26.0M+1.1%

Valuation

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Market cap$86.33M+223%

Enterprise value$54.18M—

Returns & leverage

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Return on equity-298.8%-726pp

Debt / equity0×0.0×

Current ratio10.4×+3.1×

Where this comes from

Reported directly by LONA in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: LONA’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is LONA's R&D?: LONA (LONA) reported R&D of $11.26M in Q1 2026.
How has LONA's R&D changed year-over-year?: LONA's R&D increased by 161.8% year-over-year, from $4.3M to $11.26M.
What is the long-term trend for LONA's R&D?: Over 4 years (2021 to 2025), LONA's R&D has grown at a -20.0% compound annual growth rate (CAGR), from $42.79M to $17.5M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.