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Research and development spending
3Y CAGR
+19.4%/yr
vs +2.8%/yr prior
5Y CAGR
+15.5%/yr
Recent acceleration
Acceleration
+16.7pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.1x
Strong expansion
Streak
3 yr
Consecutive growthStrong
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $109.00M | +5.8% |
| 2024 | $103.00M | +56.1% |
| 2023 | $66.00M | +3.1% |
| 2022 | $64.00M | -3.0% |
| 2021 | $66.00M | +24.5% |
| 2020 | $53.00M | -4.2% |
| 2019 | $55.30M | -3.7% |
| 2018 | $57.40M | +3.2% |
| 2017 | $55.60M | +0.7% |
| 2016 | $55.20M | - |