PHX.TOPHX.TOTSX
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R&D Expense Growth Under PressureDecelerating
Percentile Rank36
Studio
Year-over-Year Change

Year-over-year research & development expense growth

Percentile
P36
Within normal range
vs 3Y Ago
-0.1x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-3.33%
Q3 20258.46%
Q2 2025-9.72%
Q1 202533.53%
Q4 2024-4.24%
Q3 2024-1.21%
Q2 202417.22%
Q1 2024-13.71%
Q4 202311.81%
Q3 2023-5.21%
Q2 20234.61%
Q1 20236.15%
Q4 202230.18%
Q3 20224.12%
Q2 202215.42%
Q1 2022-27.85%
Q4 202194.01%
Q3 2021-13.45%
Q2 202111.49%
Q1 2021279.09%
Q4 2020-31.60%
Q3 2020-29.76%
Q2 2020-75.83%
Q1 202042.01%
Q4 2019-24.91%
Q3 201935.59%
Q2 2019-2.18%
Q1 20196.16%
Q4 20181.27%
Q3 20184.69%
Q2 2018-8.16%
Q1 20188.08%
Q4 2017180.76%
Q3 2017-62.44%
Q2 201725.70%
Q1 2017-9.20%
Q4 201614.97%
Q3 2016159.01%
Q2 2016-57.23%
Q1 20165.40%