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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+25.7%
5Y CAGR+9.4%
Year-over-Year Change
Research and development spending
3Y CAGR
+25.7%/yr
vs -7.1%/yr prior
5Y CAGR
+9.4%/yr
Recent acceleration
Acceleration
+32.7pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.6x
Solid growth
Streak
3 yr
Consecutive growthExpanding
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $30.14M | +25.5% |
| 2024 | $24.02M | +32.4% |
| 2023 | $18.14M | +19.4% |
| 2022 | $15.19M | -21.0% |
| 2021 | $19.24M | 0.0% |
| 2020 | $19.24M | -3.3% |
| 2019 | $19.89M | -2.3% |
| 2018 | $20.37M | +24.0% |
| 2017 | $16.42M | -2.6% |
| 2016 | $16.86M | - |