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R&D Expenses Over TimeContracting
Percentile Rank45
3Y CAGR-19.1%
5Y CAGR+0.3%
Year-over-Year Change
Research and development spending
3Y CAGR
-19.1%/yr
vs +17.4%/yr prior
5Y CAGR
+0.3%/yr
Recent deceleration
Acceleration
-36.5pp
Decelerating
Percentile
P45
Within normal range
vs 5Y Ago
1x
Modest growth
Streak
2 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $14.72M | -42.0% |
| 2024 | $25.39M | -11.0% |
| 2023 | $28.52M | +2.7% |
| 2022 | $27.76M | +29.1% |
| 2021 | $21.49M | +48.5% |
| 2020 | $14.47M | -36.0% |
| 2019 | $22.60M | +54.9% |
| 2018 | $14.59M | +122.8% |
| 2017 | $6.55M | +425.3% |
| 2016 | $1.25M | - |