Tvardi Therapeutics annual r&d spending
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2025
Tvardi Therapeutics R&D Spending Growth & History (TVRD)
Tvardi Therapeutics's r&d spending was $18.0M for fiscal 2025.
View full Tvardi Therapeutics company overviewTvardi Therapeutics annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.0M | −$5.6M | −23.84% |
| 2024 | 2024-12-31 | $23.6M | −$84.9M | −78.20% |
| 2023 | 2023-12-31 | $108.5M | $16.6M | +18.10% |
| 2022 | 2022-12-31 | $91.9M | $9.2M | +11.10% |
| 2021 | 2021-12-31 | $82.7M | −$25.1M | −23.32% |
| 2020 | 2020-12-31 | $107.9M | −$6.0M | −5.24% |
| 2019 | 2019-12-31 | $113.8M | $38.3M | +50.69% |
| 2018 | 2018-12-31 | $75.5M | $27.0M | +55.66% |
| 2017 | 2017-12-31 | $48.5M | −$729,000 | −1.48% |
| 2016 | 2016-12-31 | $49.3M | $28.0M | +132.10% |
| 2015 | 2015-12-31 | $21.2M | $6.2M | +40.83% |
| 2014 | 2014-12-31 | $15.1M | $6.4M | +73.49% |
| 2013 | 2013-12-31 | $8.7M | $4.1M | +88.93% |
| 2012 | 2012-12-31 | $4.6M | — | — |
Tvardi Therapeutics quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.0M | −$1.8M | −31.07% |
| Q1 2026 | 2026-03-31 | $4.9M | $1.8M | +57.86% |
| Q4 2025 | 2025-12-31 | $5.5M | — | — |
| Q3 2025 | 2025-09-30 | $3.6M | −$1.2M | −24.86% |
| Q2 2025 | 2025-06-30 | $5.8M | −$725,000 | −11.10% |
| Q1 2025 | 2025-03-31 | $3.1M | −$18.9M | −85.84% |
| Q3 2024 | 2024-09-30 | $4.8M | −$20.7M | −81.16% |
| Q2 2024 | 2024-06-30 | $6.5M | −$23.8M | −78.45% |
| Q1 2024 | 2024-03-31 | $22.0M | −$2.4M | −9.74% |
| Q4 2023 | 2023-12-31 | $28.4M | $2.4M | +9.25% |
| Q3 2023 | 2023-09-30 | $25.5M | $760,000 | +3.08% |
| Q2 2023 | 2023-06-30 | $30.3M | $10.4M | +52.27% |
| Q1 2023 | 2023-03-31 | $24.3M | $3.1M | +14.39% |
| Q4 2022 | 2022-12-31 | $26.0M | $3.2M | +13.92% |
| Q3 2022 | 2022-09-30 | $24.7M | $9.2M | +59.15% |
| Q2 2022 | 2022-06-30 | $19.9M | −$5.3M | −21.09% |
| Q1 2022 | 2022-03-31 | $21.3M | $2.1M | +11.20% |
| Q4 2021 | 2021-12-31 | $22.8M | −$4.3M | −15.88% |
| Q3 2021 | 2021-09-30 | $15.5M | −$5.6M | −26.36% |
| Q2 2021 | 2021-06-30 | $25.2M | −$883,000 | −3.38% |
| Q1 2021 | 2021-03-31 | $19.1M | −$14.4M | −42.95% |
| Q4 2020 | 2020-12-31 | $27.1M | −$2.7M | −9.12% |
| Q3 2020 | 2020-09-30 | $21.1M | −$14.9M | −41.47% |
| Q2 2020 | 2020-06-30 | $26.1M | $1.8M | +7.19% |
| Q1 2020 | 2020-03-31 | $33.5M | $9.9M | +42.05% |
| Q4 2019 | 2019-12-31 | $29.9M | $7.1M | +30.99% |
| Q3 2019 | 2019-09-30 | $36.0M | $13.7M | +61.38% |
| Q2 2019 | 2019-06-30 | $24.4M | $7.4M | +43.25% |
| Q1 2019 | 2019-03-31 | $23.6M | $10.2M | +75.82% |
| Q4 2018 | 2018-12-31 | $22.8M | $11.2M | +96.95% |
| Q3 2018 | 2018-09-30 | $22.3M | $13.2M | +143.72% |
| Q2 2018 | 2018-06-30 | $17.0M | $10.0M | +144.25% |
| Q1 2018 | 2018-03-31 | $13.4M | −$7.4M | −35.56% |
| Q4 2017 | 2017-12-31 | $11.6M | −$8.7M | −42.91% |
| Q3 2017 | 2017-09-30 | $9.2M | −$520,000 | −5.38% |
| Q2 2017 | 2017-06-30 | $7.0M | −$3.8M | −35.31% |
| Q1 2017 | 2017-03-31 | $20.8M | $12.3M | +143.81% |
| Q4 2016 | 2016-12-31 | $20.3M | $12.7M | +167.92% |
| Q3 2016 | 2016-09-30 | $9.7M | $4.1M | +73.19% |
| Q2 2016 | 2016-06-30 | $10.8M | $6.1M | +129.72% |
| Q1 2016 | 2016-03-31 | $8.5M | $5.2M | +152.47% |
| Q4 2015 | 2015-12-31 | $7.6M | $4.1M | +118.79% |
| Q3 2015 | 2015-09-30 | $5.6M | −$624,000 | −10.05% |
| Q2 2015 | 2015-06-30 | $4.7M | $1.5M | +46.38% |
| Q1 2015 | 2015-03-31 | $3.4M | $1.2M | +53.79% |
| Q4 2014 | 2014-12-31 | $3.5M | $1.5M | +74.87% |
| Q3 2014 | 2014-09-30 | $6.2M | $2.4M | +64.93% |
| Q2 2014 | 2014-06-30 | $3.2M | $1.2M | +58.34% |
| Q1 2014 | 2014-03-31 | $2.2M | $1.3M | +138.72% |
| Q4 2013 | 2013-12-31 | $2.0M | — | — |
| Q3 2013 | 2013-09-30 | $3.8M | — | — |
| Q2 2013 | 2013-06-30 | $2.0M | — | — |
| Q1 2013 | 2013-03-31 | $922,000 | — | — |
Tvardi Therapeutics r&d spending trends
Over the last five fiscal years, Tvardi Therapeutics's r&d spending decreased from $107.9M to $18.0M, a change of −$89.8M. The latest reported quarter, Q2 2026, shows $4.0M.
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 Tvardi Therapeutics source filings ↗