HCW Biologics Inc. (HCWB): R&D Expense

Annual figures by period end, from SEC filings.

$5.44M
Year ended 2025-12-31
$5.20M
Trailing 12 months to 2026-06-30
-16.5%
3-year compound annual growth
-5.6%
5-year compound annual growth
$9.34M2020-12-31: $7.26M2021-12-31: $8.17M2022-12-31: $9.34M2023-12-31: $7.68M2024-12-31: $6.39M2025-12-31: $5.44M$5.44M
2020-12-31 R&D Expense (USD) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-31$5.44M-14.8%2026-03-31, From 2025-01-01
2024-12-31$6.39M-16.8%2026-03-31, From 2024-01-01
2023-12-31$7.68M-17.8%2025-03-28, From 2023-01-01
2022-12-31$9.34M+14.2%2024-05-15, From 2022-01-01
2021-12-31$8.17M+12.7%2023-03-28, From 2021-01-01
2020-12-31$7.26Mn/a2022-03-29, From 2020-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Pharmaceutical Preparations), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
HCW Biologics Inc. (HCWB)2025-12-31$5.44M-14.8%
Avalo Therapeutics, Inc. (AVTX)2025-12-31$50.08M+105.0%
Connect Biopharma Holdings Ltd (CNTB)2025-12-31$37.80M+29.2%
Inovio Pharmaceuticals, Inc. (INO)2025-12-31$54.21M-28.3%
Altimmune, Inc. (ALT)2025-12-31$66.43M-19.2%
Silo Pharma, Inc. (SILO)2025-12-31$2.16M-8.8%
Neonc Technologies Holdings, Inc. (NTHI)2025-12-31$3.64M+19.5%
Lyell Immunopharma, Inc. (LYEL)2025-12-31$158.68M-7.5%
Incannex Healthcare Inc. (IXHL)2025-06-30$10.75M-16.6%

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