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Research and development spending
3Y CAGR
+14.5%/yr
vs +11.1%/yr prior
5Y CAGR
+19.7%/yr
Recent deceleration
Acceleration
+3.4pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.5x
Strong expansion
Streak
5 yr
Consecutive growthStrong
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $80.94M | +8.9% |
| 2024 | $74.31M | +31.7% |
| 2023 | $56.44M | +4.6% |
| 2022 | $53.95M | +48.3% |
| 2021 | $36.38M | +10.6% |
| 2020 | $32.91M | -7.0% |
| 2019 | $35.37M | -0.2% |
| 2018 | $35.45M | -1.2% |
| 2017 | $35.88M | +0.0% |
| 2016 | $35.86M | - |