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R&D Expenses Over TimeContracting
Percentile Rank27
3Y CAGR-3.7%
5Y CAGR-3.6%
Year-over-Year Change
Research and development spending
3Y CAGR
-3.7%/yr
vs +2.3%/yr prior
5Y CAGR
-3.6%/yr
Consistent
Acceleration
-6.0pp
Decelerating
Percentile
P27
Within normal range
vs 5Y Ago
0.8x
Contraction
Streak
2 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| TTM | $34.91M | -12.9% |
| 2024 | $40.09M | -15.2% |
| 2023 | $47.25M | +20.7% |
| 2022 | $39.14M | -16.0% |
| 2021 | $46.60M | +11.2% |
| 2020 | $41.89M | +5.9% |
| 2019 | $39.57M | +10.7% |
| 2018 | $35.74M | +3.5% |
| 2017 | $34.55M | +21.7% |
| 2016 | $28.40M | - |