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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+14.6%
5Y CAGR+30.6%
Year-over-Year Change
Research and development spending
3Y CAGR
+14.6%/yr
vs +44.3%/yr prior
5Y CAGR
+30.6%/yr
Recent deceleration
Acceleration
-29.7pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
3.8x
Strong expansion
Streak
2 yr
Consecutive growthExpanding
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $37.85M | +21.1% |
| 2024 | $31.25M | +46.0% |
| 2023 | $21.40M | -14.8% |
| 2022 | $25.13M | +49.0% |
| 2021 | $16.87M | +69.6% |
| 2020 | $9.95M | +41.6% |
| 2019 | $7.03M | +21.2% |
| 2018 | $5.80M | -40.7% |
| 2017 | $9.77M | +2.5% |
| 2016 | $9.53M | - |