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Nuwellis (NUWE) R&D spending by quarter

Nuwellis' R&D spending was $942K in Q2 2026 (second quarter 2026), -45% from Q1 2026. Over the last 7 quarters it ranged from $550K (Q1 2025) to $1.7M (Q1 2026).

Nuwellis R&D spending by quarterNuwellis R&D spending by quarter$831KQ4 2024$550KQ1 2025$675KQ2 2025$603KQ3 2025$884KQ4 2025$1.7MQ1 2026$942KQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$942K-45%+40%
Q1 2026$1.7M+95%+214%
Q4 2025$884K+47%+6%
Q3 2025$603K-11%—
Q2 2025$675K+23%—
Q1 2025$550K-34%—
Q4 2024$831K——

Q2 2026 at a glance

Nuwellis, Q2 2026: revenue $2.0M (+14% year over year), operating margin -160.9%, net loss $4.8M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.

Questions

What is Nuwellis' R&D spending?

Nuwellis' R&D spending was $942K in Q2 2026 (second quarter 2026), -45% from Q1 2026.

How has Nuwellis' R&D spending changed?

Over the last 7 quarters it ranged from $550K (Q1 2025) to $1.7M (Q1 2026).

Q2 2026 results → · How Nuwellis makes money →