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How Lineage Cell Therapeutics (LCTX) makes money

Lineage Cell Therapeutics (LCTX) made $1.1M of revenue in the second quarter 2026 (Q2 2026), +359% from a year earlier. Collaboration Revenues brought in $943K (88%); Royalties License and Other Revenues brought in $126K (12%).

Drawing the Sankey…

Lineage Cell Therapeutics revenue by segment, Q2 2026Lineage Cell Therapeutics revenue by segment, Q2 2026Collaboration Revenues$943KRoyalties License and Other Reven…$126K
Lineage Cell Therapeutics: revenue by line, Q4 2024 to Q2 2026Lineage Cell Therapeutics: revenue by line, Q4 2024 to Q2 2026Collaboration RevenuesRoyalties License and…Collaboration Revenues: $943K latest$943KRoyalties License and Other Revenues: $126K latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
Lineage Cell Therapeutics revenue by quarterLineage Cell Therapeutics revenue by quarter$2.9MQ4 2024$1.5MQ1 2025$2.8MQ2 2025$3.7MQ3 2025$6.6MQ4 2025$1.7MQ1 2026$1.1MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Collaboration Revenues$943K88.2%-40%—
  ↳ Upfront License Fees$600K56.1%-30%-76%
  ↳ Event Based Milestones and Other Collaborative Revenue$343K32.1%-52%—
Royalties License and Other Revenues$126K11.8%-16%-46%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$1.1M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$1.1M-61%
Q1 2026$1.7M+15%
Q4 2025$6.6M+130%
Q3 2025$3.7M-3%
Q2 2025$2.8M+96%
Q1 2025$1.5M+4%
Q4 2024$2.9M+37%

From Lineage Cell Therapeutics' 10-Q filed Aug 6, 2026 (on EDGAR).

Questions

How does Lineage Cell Therapeutics make money?

Lineage Cell Therapeutics (LCTX) made $1.1M of revenue in the second quarter 2026 (Q2 2026), +359% from a year earlier. Collaboration Revenues brought in $943K (88%); Royalties License and Other Revenues brought in $126K (12%).

What is Lineage Cell Therapeutics' biggest business?

Collaboration Revenues: $943K in the second quarter 2026, 88% of revenue.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.