5478.TWO5478.TWOTWO
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R&D Expense Growth Under PressureDecelerating
Percentile Rank67
3Y CAGR+38.8%
Studio
Year-over-Year Change

Year-over-year research & development expense growth

3Y CAGR
+38.8%/yr
vs -34.4%/yr prior
Acceleration
+73.2pp
Accelerating
Percentile
P67
Within normal range
vs 3Y Ago
2.7x
Strong expansion
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 20252.08%
Q3 20252.34%
Q2 2025-1.94%
Q1 20250.18%
Q4 2024-0.36%
Q3 2024-8.06%
Q2 20247.95%
Q1 20244.13%
Q4 20231.68%
Q3 20234.29%
Q2 20232.40%
Q1 2023-4.90%
Q4 20220.78%
Q3 20222.15%
Q2 2022-13.48%
Q1 202224.32%
Q4 2021-10.01%
Q3 202122.05%
Q2 2021-27.15%
Q1 2021-8.30%
Q4 2020-3.12%
Q3 2020-10.04%
Q2 2020-2.12%
Q1 2020-1.23%
Q4 2019-2.07%
Q3 20193.05%
Q2 20190.95%
Q1 2019-14.33%
Q4 201818.00%
Q3 2018-4.22%
Q2 201816.22%
Q1 2018-12.03%
Q4 20172.29%
Q3 2017-3.17%
Q2 20170.55%
Q1 2017-8.89%
Q4 20160.03%
Q3 2016-2.66%
Q2 2016-14.79%
Q1 20167.33%