SPHRYSPHRYOTC
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R&D Expenses Over TimeContracting
Percentile Rank21
3Y CAGR-13.9%
5Y CAGR-10.0%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
-13.9%/yr
vs +6.7%/yr prior
5Y CAGR
-10.0%/yr
Recent deceleration
Acceleration
-20.6pp
Decelerating
Percentile
P21
Within normal range
vs 5Y Ago
0.6x
Contraction
Streak
4 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$12.08M-22.5%
2024$15.58M-17.4%
2023$18.87M-0.4%
2022$18.94M-15.2%
2021$22.32M+9.0%
2020$20.48M+31.9%
2019$15.53M+6.1%
2018$14.63M-10.8%
2017$16.40M-33.4%
2016$24.64M-