Companies in the United States that spend the most on R&D — page 11

Ranks 1001–1030 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
1001Kewaunee ScientificKEQUUSTechnology$898,000−2.3%
1002Marine ProductsMPXUSIndustrials$822,000−14.4%
1003Curaleaf HoldingsCURLFUSHealthcare$805,000−43.3%
1004MetallusMTUSUSMaterials$800,000−52.9%
1005FreshpetFRPTUSConsumer staples$800,000−33.3%
1006Solo BrandsSBDSUSConsumer discretionary$800,000−52.9%
1007CangoCANGUSFinancials$748,980−82.3%
1008Acacia ResearchACTGUSFinancials$735,000+17.4%
1009TerawulfWULFUSFinancials$671,493−22.8%
1010Newegg CommerceNEGGUSConsumer discretionary$615,334+26.9%
1011Ampco PittsburghAPUSIndustrials$494,000+12.0%
1012InotivNOTVQUSHealthcare$405,000−34.4%
1013Vita CocoCOCOUSConsumer staples$399,000+0.3%
1014Ispire TechnologyISPRUSConsumer staples$363,301−53.4%
1015Tilray BrandsTLRYUSHealthcare$361,000+27.1%
1016Mama's CreationsMAMAUSConsumer staples$288,000−36.7%
1017Nutex HealthNUTXUSTechnology$285,880−48.7%
1018ImmersionIMMRUSTechnology$281,000−79.6%
1019Acme UnitedACUUSIndustrials$251,000−57.9%
1020Genie EnergyGNEUSUtilities$207,000+430.8%
1021Lakeland IndustriesLAKEUSHealthcare$200,0000.0%
1022Air TAIRTUSIndustrials$195,653−81.2%
1023AemetisAMTXUSMaterials$152,000−15.6%
1024Perma-Pipe InternationalPPIHUSIndustrials$100,000−80.0%
1025MarimedMRMDUSHealthcare$93,106—
1026LifemdLFMDUSHealthcare$23,925—
1027Riot PlatformsRIOTUSFinancials$20,033−92.0%
1028Flowers FoodsFLOUSConsumer staples$9,300−99.8%
1029CleansparkCLSKUSFinancials$7,190+1,116.6%
1030Dominari HoldingsDOMHUSFinancials$3,000−99.6%

All figures from SEC filings · FY2025 · 30

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