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IGC Pharma (IGC) R&D spending by quarter

IGC Pharma's R&D spending was $1.0M in Q3 2026 (third quarter 2026), -27% from Q2 2026. Over the last 7 quarters it ranged from $851K (Q2 2025) to $1.6M (Q3 2025).

IGC Pharma R&D spending by quarterIGC Pharma R&D spending by quarter$852KQ4 2024$997KQ1 2025$851KQ2 2025$1.6MQ3 2025$1.3MQ1 2026$1.4MQ2 2026$1.0MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$1.0M-27%-36%
Q2 2026$1.4M+9%+63%
Q1 2026$1.3M-20%+28%
Q3 2025$1.6M+87%—
Q2 2025$851K-15%—
Q1 2025$997K+17%—
Q4 2024$852K——

Q3 2026 at a glance

IGC Pharma, Q3 2026: revenue $328K (+72% year over year), operating margin -588.7%, net loss $2.0M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.

Questions

What is IGC Pharma's R&D spending?

IGC Pharma's R&D spending was $1.0M in Q3 2026 (third quarter 2026), -27% from Q2 2026.

How has IGC Pharma's R&D spending changed?

Over the last 7 quarters it ranged from $851K (Q2 2025) to $1.6M (Q3 2025).

Q3 2026 results → · How IGC Pharma makes money →