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R&D Expenses Over TimeContracting
Percentile Rank0
3Y CAGR-19.6%
5Y CAGR-8.3%
Year-over-Year Change
Research and development spending
3Y CAGR
-19.6%/yr
vs +8.8%/yr prior
5Y CAGR
-8.3%/yr
Recent deceleration
Acceleration
-28.4pp
Decelerating
Percentile
P0
Near historical low
vs 5Y Ago
0.6x
Contraction
Streak
2 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| TTM | $1.63M | -30.2% |
| 2023 | $2.33M | -40.6% |
| 2022 | $3.92M | +25.5% |
| 2021 | $3.13M | -9.1% |
| 2020 | $3.44M | +36.9% |
| 2019 | $2.51M | +14.4% |
| 2018 | $2.20M | -1.6% |
| 2017 | $2.23M | - |