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Clene (CLNN) R&D spending by quarter

Clene's R&D spending was $4.4M in Q3 2026 (third quarter 2026), +28% from Q2 2026. Over the last 7 quarters it ranged from $329K (Q1 2026) to $5.5M (Q4 2025).

Clene R&D spending by quarterClene R&D spending by quarter$1.5MQ1 2025$3.5MQ2 2025$3.5MQ3 2025$5.5MQ4 2025$329KQ1 2026$3.5MQ2 2026$4.4MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$4.4M+28%+27%
Q2 2026$3.5M+955%-1%
Q1 2026$329K-94%-78%
Q4 2025$5.5M+57%—
Q3 2025$3.5M0%—
Q2 2025$3.5M+137%—
Q1 2025$1.5M——

Q3 2026 at a glance

Clene, Q3 2026: revenue $56K (+273% year over year), net earnings $3.9M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Clene's R&D spending?

Clene's R&D spending was $4.4M in Q3 2026 (third quarter 2026), +28% from Q2 2026.

How has Clene's R&D spending changed?

Over the last 7 quarters it ranged from $329K (Q1 2026) to $5.5M (Q4 2025).

Q3 2026 results → · How Clene makes money →