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PAVmed (PAVM) R&D spending by quarter

PAVmed's R&D spending was $2.1M in Q2 2026 (second quarter 2026), +49% from Q1 2026. Over the last 6 quarters it ranged from $787K (Q1 2025) to $2.1M (Q2 2026).

PAVmed R&D spending by quarterPAVmed R&D spending by quarter$787KQ1 2025$790KQ2 2025$1.1MQ3 2025$1.8MQ4 2025$1.4MQ1 2026$2.1MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$2.1M+49%+162%
Q1 2026$1.4M-24%+76%
Q4 2025$1.8M+68%—
Q3 2025$1.1M+38%—
Q2 2025$790K+0.4%—
Q1 2025$787K——

Q2 2026 at a glance

PAVmed, Q2 2026: revenue $33K (+450% year over year), net loss $6.6M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.

Questions

What is PAVmed's R&D spending?

PAVmed's R&D spending was $2.1M in Q2 2026 (second quarter 2026), +49% from Q1 2026.

How has PAVmed's R&D spending changed?

Over the last 6 quarters it ranged from $787K (Q1 2025) to $2.1M (Q2 2026).

Q2 2026 results → · How PAVmed makes money →