What is Nuvation Bio's R&D?

Nuvation Bio (NUVB) reported R&D of $35.05M in Q1 2026.

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

Nuvation Bio's R&D increased by 42.5% year-over-year, from $24.6M to $35.05M.

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

Over 4 years (2021 to 2025), Nuvation Bio's R&D has grown at a 13.6% compound annual growth rate (CAGR), from $69.04M to $115.11M.

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

Nuvation Bio NUVB R&D

R&D at other companies

Bristol-Myers SquibbBMY

$2.65B+17.4%

Nuvalent, Inc.NUVL

$83.61M+12.3%

ImmunomeIMNM

$46.38M+25.8%

ArriVent BioPharma, Inc.AVBP

$37.62M-38.6%

Arcus BiosciencesRCUS

$122M0.0%

Syndax PharmaceuticalsSNDX

$58.85M-4.5%

Other financials

Income statement

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Revenue$83.2M+2,599%

Gross profit$9.8M+1,340%

Operating income$3.9M+107%

Net income$5.4M+110%

EPS (diluted)$0.01+106%

Balance sheet

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Cash & equivalents$125.4M+161%

Total debt$57.2M+401%

Total equity$319.6M-23.8%

Total assets$610.2M+23.9%

Cash flow

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Operating cash flow$5.1M+112%

CapEx$48.0K-33.3%

Free cash flow$5.0M+112%

Valuation

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Market cap$2.1B+150%

Enterprise value$2.03B+154%

P/S14.7×-62.0×

Profitability

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Gross margin54.3%+39.5pp

Operating margin-105%-52.0pp

Net margin-102.1%-50.6pp

FCF margin-93.5%-45.2pp

Returns & leverage

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Return on equity-39.5%-15.8pp

Debt / equity0.2×+0.2×

Current ratio7.4×-1.6×

Where this comes from

Reported directly by Nuvation Bio in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Nuvation Bio’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nuvation Bio's R&D?: Nuvation Bio (NUVB) reported R&D of $35.05M in Q1 2026.
How has Nuvation Bio's R&D changed year-over-year?: Nuvation Bio's R&D increased by 42.5% year-over-year, from $24.6M to $35.05M.
What is the long-term trend for Nuvation Bio's R&D?: Over 4 years (2021 to 2025), Nuvation Bio's R&D has grown at a 13.6% compound annual growth rate (CAGR), from $69.04M to $115.11M.
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.