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Axogen (AXGN) R&D spending by quarter

Axogen's R&D spending was $8.9M in Q3 2026 (third quarter 2026), +4% from Q2 2026. Over the last 7 quarters it ranged from $6.1M (Q1 2025) to $12.4M (Q4 2025).

Axogen R&D spending by quarterAxogen R&D spending by quarter$6.1MQ1 2025$6.9MQ2 2025$7.6MQ3 2025$12.4MQ4 2025$7.5MQ1 2026$8.6MQ2 2026$8.9MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$8.9M+4%+18%
Q2 2026$8.6M+14%+25%
Q1 2026$7.5M-39%+23%
Q4 2025$12.4M+64%—
Q3 2025$7.6M+10%—
Q2 2025$6.9M+13%—
Q1 2025$6.1M——

Q3 2026 at a glance

Axogen, Q3 2026: revenue $75.8M (+26% year over year), operating margin 1.3%, net earnings $2.3M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.

Questions

What is Axogen's R&D spending?

Axogen's R&D spending was $8.9M in Q3 2026 (third quarter 2026), +4% from Q2 2026.

How has Axogen's R&D spending changed?

Over the last 7 quarters it ranged from $6.1M (Q1 2025) to $12.4M (Q4 2025).

Q3 2026 results → · How Axogen makes money →