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Filing Flows › BioXcel Therapeutics (BTAIQ) › R&D spending

BioXcel Therapeutics (BTAIQ) R&D spending by quarter

BioXcel Therapeutics' R&D spending was $3.2M in Q2 2026 (second quarter 2026), +7% from Q1 2026. Over the last 7 quarters it ranged from $3.0M (Q1 2026) to $10.3M (Q2 2025).

BioXcel Therapeutics R&D spending by quarterBioXcel Therapeutics R&D spending by quarter$5.9MQ4 2024$4.6MQ1 2025$10.3MQ2 2025$8.7MQ3 2025$6.7MQ4 2025$3.0MQ1 2026$3.2MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$3.2M+7%-69%
Q1 2026$3.0M-56%-35%
Q4 2025$6.7M-23%+14%
Q3 2025$8.7M-15%—
Q2 2025$10.3M+125%—
Q1 2025$4.6M-23%—
Q4 2024$5.9M——

Q2 2026 at a glance

BioXcel Therapeutics, Q2 2026: revenue $182K (+52% year over year), net loss $14.7M, operating cash flow −$6.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is BioXcel Therapeutics' R&D spending?

BioXcel Therapeutics' R&D spending was $3.2M in Q2 2026 (second quarter 2026), +7% from Q1 2026.

How has BioXcel Therapeutics' R&D spending changed?

Over the last 7 quarters it ranged from $3.0M (Q1 2026) to $10.3M (Q2 2025).

Q2 2026 results → · How BioXcel Therapeutics makes money →