Northwest Biotherapeutics annual r&d spending
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Northwest Biotherapeutics R&D Spending Growth & History (NWBO)
Northwest Biotherapeutics's r&d spending was $28.8M for fiscal 2025.
View full Northwest Biotherapeutics company overviewNorthwest Biotherapeutics annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $28.8M | −$6.1M | −17.49% |
| 2024 | 2024-12-31 | $34.9M | $7.2M | +25.81% |
| 2023 | 2023-12-31 | $27.7M | −$7.8M | −21.91% |
| 2022 | 2022-12-31 | $35.5M | $15.2M | +74.86% |
| 2021 | 2021-12-31 | $20.3M | −$13.3M | −39.63% |
| 2020 | 2020-12-31 | $33.6M | $19.5M | +138.46% |
| 2019 | 2019-12-31 | $14.1M | −$4.0M | −22.30% |
| 2018 | 2018-12-31 | $18.2M | −$15.4M | −45.83% |
| 2017 | 2017-12-31 | $33.5M | −$26.6M | −44.22% |
| 2016 | 2016-12-31 | $60.1M | −$43.0M | −41.74% |
| 2015 | 2015-12-31 | $103.1M | $17.5M | +20.42% |
| 2014 | 2014-12-31 | $85.6M | $41.7M | +95.05% |
| 2013 | 2013-12-31 | $43.9M | $15.0M | +51.88% |
| 2012 | 2012-12-31 | $28.9M | $15.5M | +114.90% |
| 2011 | 2011-12-31 | $13.5M | $3.6M | +35.89% |
| 2010 | 2010-12-31 | $9.9M | — | — |
Northwest Biotherapeutics quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.7M | −$1.7M | −23.22% |
| Q1 2026 | 2026-03-31 | $4.9M | −$3.5M | −41.83% |
| Q4 2025 | 2025-12-31 | $5.6M | −$5.0M | −47.22% |
| Q3 2025 | 2025-09-30 | $7.5M | −$680,000 | −8.36% |
| Q2 2025 | 2025-06-30 | $7.4M | −$863,000 | −10.41% |
| Q1 2025 | 2025-03-31 | $8.4M | $409,000 | +5.15% |
| Q4 2024 | 2024-12-31 | $10.5M | $3.1M | +41.17% |
| Q3 2024 | 2024-09-30 | $8.1M | $929,000 | +12.90% |
| Q2 2024 | 2024-06-30 | $8.3M | $2.1M | +33.46% |
| Q1 2024 | 2024-03-31 | $7.9M | $1.1M | +15.76% |
| Q4 2023 | 2023-12-31 | $7.5M | −$1.9M | −20.30% |
| Q3 2023 | 2023-09-30 | $7.2M | −$493,000 | −6.41% |
| Q2 2023 | 2023-06-30 | $6.2M | −$7.4M | −54.46% |
| Q1 2023 | 2023-03-31 | $6.9M | $2.0M | +42.34% |
| Q4 2022 | 2022-12-31 | $9.4M | $5.2M | +123.41% |
| Q3 2022 | 2022-09-30 | $7.7M | $3.9M | +105.28% |
| Q2 2022 | 2022-06-30 | $13.6M | $8.2M | +150.32% |
| Q1 2022 | 2022-03-31 | $4.8M | −$2.1M | −30.38% |
| Q4 2021 | 2021-12-31 | $4.2M | −$4.7M | −52.97% |
| Q3 2021 | 2021-09-30 | $3.7M | −$13.9M | −78.78% |
| Q2 2021 | 2021-06-30 | $5.5M | $2.2M | +69.29% |
| Q1 2021 | 2021-03-31 | $6.9M | $3.1M | +79.49% |
| Q4 2020 | 2020-12-31 | $8.9M | $4.6M | +108.28% |
| Q3 2020 | 2020-09-30 | $17.7M | $14.1M | +399.15% |
| Q2 2020 | 2020-06-30 | $3.2M | −$71,000 | −2.16% |
| Q1 2020 | 2020-03-31 | $3.9M | $853,000 | +28.40% |
| Q4 2019 | 2019-12-31 | $4.3M | $430,000 | +11.19% |
| Q3 2019 | 2019-09-30 | $3.5M | −$758,000 | −17.64% |
| Q2 2019 | 2019-06-30 | $3.3M | −$2.0M | −37.69% |
| Q1 2019 | 2019-03-31 | $3.0M | −$1.7M | −36.53% |
| Q4 2018 | 2018-12-31 | $3.8M | −$9.4M | −71.09% |
| Q3 2018 | 2018-09-30 | $4.3M | −$5.4M | −55.81% |
| Q2 2018 | 2018-06-30 | $5.3M | −$184,000 | −3.37% |
| Q1 2018 | 2018-03-31 | $4.7M | −$302,000 | −6.00% |
| Q4 2017 | 2017-12-31 | $13.3M | −$3.5M | −21.03% |
| Q3 2017 | 2017-09-30 | $9.7M | −$11.4M | −53.92% |
| Q2 2017 | 2017-06-30 | $5.5M | −$3.2M | −37.27% |
| Q1 2017 | 2017-03-31 | $5.0M | −$8.4M | −62.54% |
| Q4 2016 | 2016-12-31 | $16.8M | −$29.7M | −63.84% |
| Q3 2016 | 2016-09-30 | $21.1M | $12.0M | +130.84% |
| Q2 2016 | 2016-06-30 | $8.7M | −$19.1M | −68.66% |
| Q1 2016 | 2016-03-31 | $13.4M | −$6.2M | −31.52% |
| Q4 2015 | 2015-12-31 | $46.6M | $25.2M | +117.61% |
| Q3 2015 | 2015-09-30 | $9.1M | −$13.6M | −59.76% |
| Q2 2015 | 2015-06-30 | $27.8M | $6.3M | +29.00% |
| Q1 2015 | 2015-03-31 | $19.6M | −$361,000 | −1.81% |
| Q4 2014 | 2014-12-31 | $21.4M | $10.3M | +92.38% |
| Q3 2014 | 2014-09-30 | $22.7M | $9.9M | +77.48% |
| Q2 2014 | 2014-06-30 | $21.5M | $13.2M | +157.06% |
| Q1 2014 | 2014-03-31 | $20.0M | $8.4M | +72.17% |
| Q4 2013 | 2013-12-31 | $11.1M | $2.8M | +33.28% |
| Q3 2013 | 2013-09-30 | $12.8M | $2.9M | +28.66% |
| Q2 2013 | 2013-06-30 | $8.4M | $1.3M | +19.08% |
| Q1 2013 | 2013-03-31 | $11.6M | $8.0M | +224.25% |
| Q4 2012 | 2012-12-31 | $8.3M | $6.4M | +321.84% |
| Q3 2012 | 2012-09-30 | $9.9M | $6.4M | +178.93% |
| Q2 2012 | 2012-06-30 | $7.0M | $3.6M | +102.94% |
| Q1 2012 | 2012-03-31 | $3.6M | −$860,000 | −19.37% |
| Q4 2011 | 2011-12-31 | $2.0M | — | — |
| Q3 2011 | 2011-09-30 | $3.6M | $2.0M | +121.98% |
| Q2 2011 | 2011-06-30 | $3.5M | $2.3M | +190.54% |
| Q1 2011 | 2011-03-31 | $4.4M | — | — |
| Q3 2010 | 2010-09-30 | $1.6M | — | — |
| Q2 2010 | 2010-06-30 | $1.2M | — | — |
Northwest Biotherapeutics r&d spending trends
Over the last five fiscal years, Northwest Biotherapeutics's r&d spending decreased from $33.6M to $28.8M, a change of −$4.9M. The latest reported quarter, Q2 2026, shows $5.7M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Northwest Biotherapeutics source filings ↗