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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Communication services companies that spend the most on R&D

Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–38 of 38 · Fiscal year 2025 · Data as of September 25, 2026

Netflix (NFLX) tops the list with $3.4B in r&d expense for fiscal 2025, ahead of Spotify Technology ($1.6B) and Roku ($729M). The top 10 together report $7.4B in r&d expense; the gap between #1 and #10 is ×20.57. 38 companies in Communication services report r&d expense, 3.0% of the 1270-filer universe. The last place on the list, Paradium.Ai, comes in at $1.2M.

R&D expense
#CompanyR&D expenseYoY15-year trend
1NetflixNFLXUS$3.4B+15.9%
2Spotify TechnologySPOTLU$1.6B−2.1%
3RokuROKUUS$729M+1.3%
4CriteoCRTOLU$283M+1.4%
5Mcgraw HillMHUS$276M−2.9%
6New York TimesNYTUS$264M+6.5%
7Sirius XMSIRIUS$263M−11.1%
8IqiyiIQCN$238M−2.4%
9CalixCALXUS$190M+5.8%
10ViasatVSATUS$165M+15.8%
11AngiANGIUS$87.4M−8.4%
12EchostarECHOUS$68.0M−25.3%
13AdeiaADEAUS$67.5M+13.3%
14CimpressCMPRIE$65.0M+3.7%
15Ziff DavisZDUS$62.0M−8.0%
16IbottaIBTAUS$61.1M−3.5%
17GogoGOGOUS$56.1M+25.2%
18IdtIDTUS$51.0M+0.8%
19MNTNMNTNUS$49.2M+50.8%
20Brightstar LotteryBRSLGB$47.0M+9.3%
21BceBCECA$42.9M−10.9%
22Thryv HoldingsTHRYUS$39.1M+148.9%
23Churchill DownsCHDNUS$39.0M−1.0%
24Optimum CommunicationsOPTUUS$33.4M+50.0%
25Genius SportsGENIGB$31.1M+26.5%
26Acco BrandsACCOUS$22.0M−4.3%
27Iridium CommunicationsIRDMUS$19.8M−30.5%
28Angel StudiosANGXUS$15.5M+20.9%
29Spok HoldingsSPOKUS$12.2M+4.5%
30FluentFLNTUS$11.8M−31.5%
31TechtargetTTGTUS$10.8M−5.1%
32BuzzfeedBZFDUS$10.8M−0.6%
33PearsonPSOGB$10.6M+37.5%
34TelesatTSATCA$8.3M−2.0%
35GlobalstarGSATUS$6.1M−6.2%
36National CinemediaNCMIUS$3.1M−6.1%
37Quad/GraphicsQUADUS$2.9M−9.4%
38Paradium.AiPAAIUS$1.2M+927.2%

All figures from SEC filings · FY2025 · 38

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{{cite web |title=Communication services companies that spend the most on R&D |url=https://companiesranked.com/en/communication-services-companies-that-spend-the-most-on-research-and-development |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Communication services companies that spend the most on R&D. CompaniesRanked. https://companiesranked.com/en/communication-services-companies-that-spend-the-most-on-research-and-development

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@misc{companiesranked-en-communication-services-companies-that-spend-the-most-on-research-and-development-2026,
  author       = {{CompaniesRanked}},
  title        = {{Communication services companies that spend the most on R\&D}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/communication-services-companies-that-spend-the-most-on-research-and-development}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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