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Humacyte (HUMA) R&D spending by quarter

Humacyte's R&D spending was $18.1M in Q2 2026 (second quarter 2026), -7% from Q1 2026. Over the last 6 quarters it ranged from $14.6M (Q4 2025) to $22.0M (Q2 2025).

Humacyte R&D spending by quarterHumacyte R&D spending by quarter$15.4MQ1 2025$22.0MQ2 2025$17.3MQ3 2025$14.6MQ4 2025$19.5MQ1 2026$18.1MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$18.1M-7%-18%
Q1 2026$19.5M+33%+26%
Q4 2025$14.6M-15%—
Q3 2025$17.3M-22%—
Q2 2025$22.0M+43%—
Q1 2025$15.4M——

Q2 2026 at a glance

Humacyte, Q2 2026: revenue $406K (+35% year over year), net loss $36.8M, operating cash flow −$22.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is Humacyte's R&D spending?

Humacyte's R&D spending was $18.1M in Q2 2026 (second quarter 2026), -7% from Q1 2026.

How has Humacyte's R&D spending changed?

Over the last 6 quarters it ranged from $14.6M (Q4 2025) to $22.0M (Q2 2025).

Q2 2026 results → · How Humacyte makes money →