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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+23.3%
5Y CAGR+14.8%
Year-over-Year Change
Research and development spending
3Y CAGR
+23.3%/yr
vs +3.9%/yr prior
5Y CAGR
+14.8%/yr
Recent acceleration
Acceleration
+19.4pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
2x
Strong expansion
Streak
4 yr
Consecutive growthExpanding
| Period | Value | YoY Change |
|---|---|---|
| 2024 | $22.50M | +28.6% |
| 2023 | $17.50M | +37.8% |
| 2022 | $12.70M | +5.8% |
| 2021 | $12.00M | +9.1% |
| 2020 | $11.00M | -2.7% |
| 2019 | $11.30M | -0.9% |
| 2018 | $11.40M | +10.7% |
| 2017 | $10.30M | +4.0% |
| 2016 | $9.90M | +6.5% |
| 2015 | $9.30M | - |