CompaniesRanked

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

Companies in the United States that spend the most on R&D — page 10

Ranks 901–1000 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
901Exzeo GroupXZOUSTechnology$8.8M+35.6%
902MarketwiseMKTWUSTechnology$8.8M−11.0%
903AdvansixASIXUSMaterials$8.7M−1.1%
904WD 40WDFCUSMaterials$8.7M+8.8%
905Ufp TechnologiesUFPTUSHealthcare$8.6M−17.3%
906Tactile Systems TechnologyTCMDUSHealthcare$8.5M−4.0%
907Sturm RugerRGRUSIndustrials$8.4M+2.4%
908Miller IndustriesMLRUSConsumer discretionary$8.2M+32.3%
909Key TronicKTCCUSTechnology$8.0M−12.6%
910NRG EnergyNRGUSUtilities$8.0M+14.3%
911Yum ChinaYUMCUSConsumer discretionary$8.0M+33.3%
912UnifiUFIUSConsumer discretionary$7.7M−11.9%
913Douglas DynamicsPLOWUSIndustrials$7.7M−8.3%
914Grove CollaborativeGROVUSConsumer discretionary$7.5M−59.4%
915Consensus Cloud SolutionsCCSIUSTechnology$7.5M−2.9%
916HonestHNSTUSConsumer discretionary$7.3M+7.2%
917Meridian HoldingsMRDNUSTechnology$7.1M+16.8%
918TelosTLSUSTechnology$7.1M−16.4%
919Rayonier Advanced MaterialsRYAMUSMaterials$7.0M+40.0%
920LovesacLOVEUSConsumer discretionary$7.0M−16.7%
921Commercial VehicleCVGIUSConsumer discretionary$7.0M−5.4%
922EcovystECVTUSMaterials$6.8M−12.6%
923AstronovaALOTUSTechnology$6.8M+12.3%
924Innovex InternationalINVXUSEnergy$6.7M+81.1%
925NeuroneticsSTIMUSHealthcare$6.6M−48.4%
926Resolute Holdings ManagementRHLDUSFinancials$6.6M−11.8%
927Mastercraft BoatMCFTUSIndustrials$6.5M−4.4%
928Graftech InternationalEAFUSIndustrials$6.5M+13.5%
929GrahamGHMUSIndustrials$6.4M+57.3%
930Niagen BioscienceNAGEUSHealthcare$6.3M+5.2%
931Ormat TechnologiesORAUSUtilities$6.3M−3.0%
932GlobalstarGSATUSCommunication services$6.1M−6.2%
933American Outdoor BrandsAOUTUSConsumer discretionary$6.1M−21.1%
934Phillips 66PSXUSEnergy$6.0M−60.0%
935Shift4 PaymentsFOURUSTechnology$6.0M+50.0%
936Wabash NationalWNCUSConsumer discretionary$5.9M−31.4%
937CSW IndustrialsCSWUSMaterials$5.8M+9.4%
938Elite PharmaceuticalsELTPUSHealthcare$5.7M−27.9%
939Skinhealth SystemsSKINUSHealthcare$5.6M−10.6%
940Greenbrier CompaniesGBXUSIndustrials$5.5M+5.8%
941Simply Good FoodsSMPLUSConsumer staples$5.5M+1.9%
942Hain CelestialHAINUSConsumer staples$5.2M−2.7%
943Preformed Line ProductsPLPCUSIndustrials$5.2M+15.6%
944Oil States InternationalOISUSEnergy$5.1M−1.9%
945DMC GlobalBOOMUSMaterials$5.0M−13.5%
946WeyerhaeuserWYUSReal estate$5.0M−28.6%
947Adma BiologicsADMAUSHealthcare$4.8M+162.7%
948GevoGEVOUSMaterials$4.6M−18.4%
949MedifastMEDUSConsumer staples$4.3M−6.5%
950TrexTREXUSIndustrials$4.2M+20.0%
951Ranpak HoldingsPACKUSMaterials$4.1M−6.8%
952EasternEMLUSIndustrials$4.1M−16.9%
953ConduentCNDTUSTechnology$4.0M−33.3%
954Winnebago IndustriesWGOUSConsumer discretionary$4.0M+2.6%
955Hurco CompaniesHURCUSTechnology$4.0M+2.6%
956Babcock & Wilcox EnterprisesBWUSIndustrials$3.8M+137.5%
957Foster L BFSTRUSIndustrials$3.6M+28.7%
958M/I HomesMHOUSIndustrials$3.6M+50.0%
959NetlistNLSTUSTechnology$3.5M−56.6%
960Offerpad SolutionsOPADUSReal estate$3.4M−24.7%
961IQVIA HoldingsIQVUSHealthcare$3.3M−42.4%
962Sanfilippo John B & SonJBSSUSConsumer staples$3.3M−4.6%
963Lsi IndustriesLYTSUSTechnology$3.3M−5.7%
964EscaladeESCAUSConsumer discretionary$3.2M0.0%
965National CinemediaNCMIUSCommunication services$3.1M−6.1%
966Viemed HealthcareVMDUSHealthcare$3.0M−1.7%
967Quad/GraphicsQUADUSCommunication services$2.9M−9.4%
968XpelXPELUSIndustrials$2.9M0.0%
969Twin DiscTWINUSIndustrials$2.7M+2.7%
970ClearfieldCLFDUSTechnology$2.4M−19.3%
971Celsius HoldingsCELHUSConsumer staples$2.4M+140.0%
972Oil-Dri Corp of AmericaODCUSConsumer discretionary$2.4M+14.3%
973American BitcoinABTCUSFinancials$2.3M−42.9%
974Circle8 GroupCIRCUSIndustrials$2.3M+43.7%
975Xtant MedicalXTNTUSHealthcare$2.1M−11.9%
976Flexsteel IndustriesFLXSUSIndustrials$2.1M0.0%
977Rush EnterprisesRUSHAUSConsumer discretionary$2.0M—
978NCS MultistageNCSMUSEnergy$2.0M0.0%
979Natures Sunshine ProductsNATRUSHealthcare$1.9M+11.8%
980Flotek IndustriesFTKUSMaterials$1.8M+6.3%
981Natural Alternatives InternationalNAIIUSHealthcare$1.8M−5.3%
982Gibraltar IndustriesROCKUSMaterials$1.7M−41.4%
983KLX Energy ServicesKLXEUSEnergy$1.7M+21.4%
984BeachbodyBODIUSConsumer discretionary$1.7M+6.3%
985Athena Bitcoin GlobalABITUSFinancials$1.6M+15.0%
986Ridenow GroupRDNWUSTechnology$1.4M−41.0%
987Fgi IndustriesFGIUSIndustrials$1.4M−16.6%
988J&J Snack FoodsJJSFUSConsumer staples$1.4M+16.7%
989Core Molding TechnologiesCMTUSMaterials$1.4M−26.3%
990LifevantageLFVNUSHealthcare$1.4M+100.0%
991Hillman SolutionsHLMNUSIndustrials$1.4M+1.9%
992Pra GroupPRAAUSFinancials$1.3M0.0%
993Paradium.AiPAAIUSCommunication services$1.2M+927.2%
994Mistras GroupMGUSIndustrials$1.0M−8.1%
995AndersonsANDEUSIndustrials$1.0M+25.0%
996Cheniere Energy PartnersCQPUSUtilities$1.0M+$1.0M
997SweetgreenSGUSConsumer discretionary$1.0M−16.7%
998Freightcar AmericaRAILUSIndustrials$955,000+2,173.8%
999MGP IngredientsMGPIUSIndustrials$916,000+22.5%
1000Turning Point BrandsTPBUSConsumer staples$900,000−30.8%

All figures from SEC filings · FY2025 · 100

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