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R&D Expenses Over TimeStrong
Percentile Rank50
3Y CAGR-0.7%
5Y CAGR+48.7%
Year-over-Year Change
Research and development spending
3Y CAGR
-0.7%/yr
Annual compound
5Y CAGR
+48.7%/yr
Recent deceleration
Percentile
P50
Within normal range
vs 5Y Ago
7.3x
Strong expansion
Streak
2 yr
Consecutive declineStrong
| Period | Value | YoY Change |
|---|---|---|
| 2024 | $19.05M | -2.2% |
| 2023 | $19.47M | -29.1% |
| 2022 | $27.45M | +41.1% |
| 2021 | $19.45M | +206.6% |
| 2020 | $6.34M | +142.4% |
| 2019 | $2.62M | +46.5% |
| 2018 | $1.79M | - |