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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+25.5%
5Y CAGR+18.0%
Year-over-Year Change
Research and development spending
3Y CAGR
+25.5%/yr
vs +12.9%/yr prior
5Y CAGR
+18.0%/yr
Recent acceleration
Acceleration
+12.6pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.3x
Strong expansion
Streak
4 yr
Consecutive growthExpanding
| Period | Value | YoY Change |
|---|---|---|
| 2024 | $180.00M | +13.2% |
| 2023 | $159.00M | +45.9% |
| 2022 | $109.00M | +19.8% |
| 2021 | $91.00M | +26.4% |
| 2020 | $72.00M | -8.4% |
| 2019 | $78.64M | +19.3% |
| 2018 | $65.92M | +17.8% |
| 2017 | $55.99M | +13.8% |
| 2016 | $49.19M | -0.7% |
| 2015 | $49.53M | - |