Filing Flows

Filing Flows › Zenas BioPharma (ZBIO) › R&D spending

Zenas BioPharma (ZBIO) R&D spending by quarter

Zenas BioPharma's R&D spending was $58.5M in Q3 2026 (third quarter 2026), -7% from Q2 2026. Over the last 4 quarters it ranged from $34.9M (Q1 2025) to $62.9M (Q2 2026).

Zenas BioPharma R&D spending by quarterZenas BioPharma R&D spending by quarter$49.2MQ4 2024$34.9MQ1 2025$62.9MQ2 2026$58.5MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$58.5M-7%—
Q2 2026$62.9M+80%—
Q1 2025$34.9M-29%—
Q4 2024$49.2M——

Q3 2026 at a glance

Zenas BioPharma, Q3 2026: revenue $10.0M, net loss $109M, operating cash flow −$58.0M. The chart follows the revenue to costs, profit and cash.

Questions

What is Zenas BioPharma's R&D spending?

Zenas BioPharma's R&D spending was $58.5M in Q3 2026 (third quarter 2026), -7% from Q2 2026.

How has Zenas BioPharma's R&D spending changed?

Over the last 4 quarters it ranged from $34.9M (Q1 2025) to $62.9M (Q2 2026).

Q3 2026 results → · How Zenas BioPharma makes money →