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Research and development spending
3Y CAGR
+14.6%/yr
vs +14.7%/yr prior
5Y CAGR
+7.1%/yr
Recent acceleration
Acceleration
-0.1pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.4x
Solid growth
Streak
1 yr
Consecutive growthStrong
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $20.84M | +2.4% |
| 2024 | $20.36M | -2.2% |
| 2023 | $20.82M | +50.3% |
| 2022 | $13.86M | -11.6% |
| 2021 | $15.67M | +5.7% |
| 2020 | $14.82M | +61.7% |
| 2019 | $9.16M | +14.5% |
| 2018 | $8.00M | -5.3% |
| 2017 | $8.45M | +34.8% |
| 2016 | $6.27M | - |