SPHRFSPHRFOTC
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R&D Expenses Over TimeContracting
Percentile Rank14
3Y CAGR-23.9%
5Y CAGR-16.4%
Year-over-Year Change
Research and development spending
3Y CAGR
-23.9%/yr
vs +15.7%/yr prior
5Y CAGR
-16.4%/yr
Recent deceleration
Acceleration
-39.6pp
Decelerating
Percentile
P14
Within normal range
vs 5Y Ago
0.4x
Contraction
Streak
4 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $8.36M | -46.4% |
| 2024 | $15.58M | -17.4% |
| 2023 | $18.87M | -0.4% |
| 2022 | $18.94M | -15.2% |
| 2021 | $22.32M | +9.0% |
| 2020 | $20.48M | +95.9% |
| 2019 | $10.45M | -1.2% |
| 2018 | $10.58M | -19.6% |
| 2017 | $13.15M | -40.6% |
| 2016 | $22.16M | - |