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Celularity (CELU) R&D spending by quarter

Celularity's R&D spending was $2.0M in Q2 2026 (second quarter 2026), -32% from Q1 2026. Over the last 7 quarters it ranged from $2.0M (Q2 2026) to $4.6M (Q3 2025).

Celularity R&D spending by quarterCelularity R&D spending by quarter$3.8MQ4 2024$3.7MQ1 2025$3.4MQ2 2025$4.6MQ3 2025$3.3MQ4 2025$3.0MQ1 2026$2.0MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$2.0M-32%-39%
Q1 2026$3.0M-11%-20%
Q4 2025$3.3M-27%-13%
Q3 2025$4.6M+37%—
Q2 2025$3.4M-10%—
Q1 2025$3.7M-3%—
Q4 2024$3.8M——

Q2 2026 at a glance

Celularity, Q2 2026: revenue $5.4M (-5% year over year), operating margin -78.0%, net earnings $706K, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is Celularity's R&D spending?

Celularity's R&D spending was $2.0M in Q2 2026 (second quarter 2026), -32% from Q1 2026.

How has Celularity's R&D spending changed?

Over the last 7 quarters it ranged from $2.0M (Q2 2026) to $4.6M (Q3 2025).

Q2 2026 results → · How Celularity makes money →