SMTEFSMTEFOTC
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R&D Expenses Over TimeContracting
Percentile Rank75
3Y CAGR-5.8%
5Y CAGR+33.7%
Year-over-Year Change
Research and development spending
3Y CAGR
-5.8%/yr
vs +111.8%/yr prior
5Y CAGR
+33.7%/yr
Recent deceleration
Acceleration
-117.6pp
Decelerating
Percentile
P75
Within normal range
vs 5Y Ago
4.3x
Strong expansion
Streak
2 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $205.39M | -11.6% |
| 2024 | $232.42M | -15.1% |
| 2023 | $273.67M | +11.5% |
| 2022 | $245.53M | +140.4% |
| 2021 | $102.12M | +112.4% |
| 2020 | $48.08M | +188.8% |
| 2019 | $16.65M | +36.4% |
| 2018 | $12.21M | +22.8% |
| 2017 | $9.94M | - |
| 2016 | $0.00 | - |