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Replimune Group REPL Research and development incentives

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Other financials

Income statement

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Operating income-$71.9M-8.9%
Net income-$70.9M-6.9%
EPS (diluted)-$0.77+2.5%

Balance sheet

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Cash & equivalents$124.7M-28.3%
Total debt$79.2M+0.5%
Total equity$210.5M-56.4%
Total assets$333.6M-44.7%

Cash flow

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Operating cash flow-$66.0M-30.1%
CapEx$135.0K-92.5%
Free cash flow-$66.1M-25.9%

Valuation

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Market cap$930.59M+28.6%
Enterprise value$885.15M+28.3%

Returns & leverage

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Return on equity-90.9%+362pp
Debt / equity0.4×+0.2×
Current ratio5.6×-5.8×

Where this comes from

Reported directly by Replimune Group in its filing.

Tagged under the XBRL concept repl:ResearchAndDevelopmentIncentivesIncome.

The official record: Replimune Group’s 10-Q, filed February 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Replimune Group's research and development incentives?
Replimune Group (REPL) reported research and development incentives of $341K in Q4 2025.
How has Replimune Group's research and development incentives changed year-over-year?
Replimune Group's research and development incentives decreased by 9.3% year-over-year, from $376K to $341K.
What is the long-term trend for Replimune Group's research and development incentives?
Over 3 years (2022 to 2025), Replimune Group's research and development incentives has grown at a -17.6% compound annual growth rate (CAGR), from $3.17M to $1.77M.
What does research and development incentives mean?
This metric represents government grants, tax credits, or other financial subsidies received to offset the costs associated with clinical trials and drug development activities. It reflects the company's ability to leverage external funding mechanisms to reduce the net financial burden of its research pipeline. Monitoring this helps investors understand the extent to which non-dilutive capital supports the company's innovation efforts.