CompaniesRanked

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

Companies in the United States that spend the most on R&D — page 7

Ranks 601–700 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
601Akebia TherapeuticsAKBAUSHealthcare$62.4M+65.6%
602Puma BiotechnologyPBYIUSHealthcare$62.1M+13.0%
603Ziff DavisZDUSCommunication services$62.0M−8.0%
604HersheyHSYUSConsumer staples$61.7M+10.5%
605Paymentus HoldingsPAYUSTechnology$61.5M+19.8%
606IbottaIBTAUSCommunication services$61.1M−3.5%
607Quaker ChemicalKWRUSEnergy$60.7M+5.9%
608GapGAPUSConsumer discretionary$60.0M+50.0%
609HaemoneticsHAEUSHealthcare$59.8M−4.7%
610CabotCBTUSMaterials$59.0M−6.3%
611MiddlebyMIDDUSIndustrials$58.8M+15.7%
612PlaystudiosMYPSUSTechnology$58.4M−13.8%
613AaonAAONUSIndustrials$58.2M+23.0%
614J M SmuckerSJMUSConsumer staples$58.1M−1.2%
615Krystal BiotechKRYSUSHealthcare$58.0M+8.3%
616Plug PowerPLUGUSIndustrials$58.0M−24.9%
617Edgewell Personal CareEPCUSConsumer staples$57.6M−1.4%
618Kyndryl HoldingsKDUSTechnology$57.0M+16.3%
619HniHNIUSIndustrials$56.6M+5.6%
620CS DiscoLAWUSTechnology$56.6M+9.9%
621HexcelHXLUSMaterials$56.4M−1.2%
622GogoGOGOUSCommunication services$56.1M+25.2%
623ConmedCNMDUSHealthcare$55.9M+2.7%
624ManitowocMTWUSIndustrials$55.8M+35.8%
625SkillsoftSKILUSTechnology$55.6M−8.4%
626AgoraAPIUSTechnology$55.5M−31.0%
627BallBALLUSIndustrials$55.0M0.0%
628LivepersonLPSNUSTechnology$54.7M−31.4%
629Waystar HoldingWAYUSTechnology$54.6M+12.0%
630RepligenRGENUSHealthcare$54.2M+25.4%
631FlowserveFLSUSIndustrials$54.1M−22.6%
632SPX TechnologiesSPXCUSIndustrials$54.0M+17.6%
633AshlandASHUSIndustrials$54.0M−1.8%
634Helen of TroyHELEUSConsumer discretionary$54.0M+0.2%
635Fulgent GeneticsFLGTUSHealthcare$53.9M+10.4%
636Emergent BiosolutionsEBSUSHealthcare$53.2M−24.8%
637Sensient TechnologiesSXTUSMaterials$52.9M+7.7%
638AvepointAVPTUSTechnology$52.6M+8.0%
639Sherwin WilliamsSHWUSConsumer discretionary$51.9M−11.2%
640Castle BiosciencesCSTLUSHealthcare$51.9M−0.4%
641Ani PharmaceuticalsANIPUSHealthcare$51.7M+15.9%
642MorningstarMORNUSFinancials$51.4M−3.2%
643AlbemarleALBUSMaterials$51.4M−40.7%
644MoodysMCOUSIndustrials$51.1M+21.7%
645InnospecIOSPUSMaterials$51.0M−9.7%
646HealthstreamHSTMUSTechnology$51.0M+4.3%
647IdtIDTUSCommunication services$51.0M+0.8%
648OomaOOMAUSTechnology$50.3M−7.4%
649Health CatalystHCATUSTechnology$49.8M−14.1%
650Integer HoldingsITGRUSHealthcare$49.5M−7.3%
651BilliontooneBLLNUSHealthcare$49.4M+34.9%
652MNTNMNTNUSCommunication services$49.2M+50.8%
653GrindrGRNDUSTechnology$48.9M+49.1%
654Thor IndustriesTHOUSConsumer discretionary$48.6M−1.6%
655Fortune Brands InnovationsFBINUSIndustrials$48.2M−4.2%
656Reynolds Consumer ProductsREYNUSMaterials$48.0M+6.7%
657NlightLASRUSTechnology$48.0M+6.4%
658AccurayARAYUSHealthcare$47.9M−3.6%
659CraneCRUSIndustrials$47.8M+3.7%
660Carlisle CompaniesCSLUSMaterials$47.1M+33.1%
661XometryXMTRUSTechnology$46.8M+19.0%
662Gilat Satellite NetworksGILTUSTechnology$46.7M+22.3%
663Pattern GroupPTRNUSConsumer discretionary$46.3M+157.4%
664BackblazeBLZEUSTechnology$46.1M+9.5%
665Crane NXTCXTUSIndustrials$46.0M+16.5%
666KalturaKLTRUSTechnology$46.0M−7.0%
667LendingtreeTREEUSFinancials$45.3M−2.4%
668Organogenesis HoldingsORGOUSHealthcare$44.5M−11.4%
669Weave CommunicationsWEAVUSTechnology$44.5M+10.5%
670KennametalKMTUSIndustrials$44.4M+0.5%
671EsabESABUSIndustrials$44.0M+12.2%
672Teads HoldingTEADUSTechnology$43.6M+17.7%
673AstronicsATROUSIndustrials$43.5M−16.5%
674DaktronicsDAKTUSConsumer discretionary$43.5M+11.8%
675Proto LabsPRLBUSIndustrials$42.8M+3.7%
676O-I GlassOIUSMaterials$42.0M−47.5%
677TimkenTKRUSIndustrials$41.4M+11.0%
678TennantTNCUSIndustrials$41.2M−5.9%
679CertaraCERTUSTechnology$41.0M+10.6%
680Verisk AnalyticsVRSKUSTechnology$40.9M+15.9%
681Atmus Filtration TechnologiesATMUUSConsumer discretionary$40.7M+0.2%
682Omada HealthOMDAUSHealthcare$40.7M+13.3%
683Albany InternationalAINUSConsumer discretionary$40.6M+1.8%
684Digital TurbineAPPSUSFinancials$40.5M+2.6%
685KnowlesKNUSTechnology$40.2M+1.8%
686Staar SurgicalSTAAUSHealthcare$40.1M−11.6%
687Kratos Defense & Security SolutionsKTOSUSIndustrials$40.0M−0.7%
688CardlyticsCDLXUSTechnology$39.8M−19.8%
689LiquidiaLQDAUSHealthcare$39.3M−17.9%
690Thryv HoldingsTHRYUSCommunication services$39.1M+148.9%
691Rackspace TechnologyRXTUSTechnology$39.1M−13.9%
692TerexTEXUSIndustrials$39.0M+56.0%
693Churchill DownsCHDNUSCommunication services$39.0M−1.0%
694Mirion TechnologiesMIRUSTechnology$38.9M+11.1%
695Wheels Up ExperienceUPUSIndustrials$38.8M−4.7%
696RxsightRXSTUSHealthcare$38.5M+12.2%
697Methode ElectronicsMEIUSTechnology$37.5M−10.3%
698EmbectaEMBCUSHealthcare$37.3M−52.7%
699NeogenomicsNEOUSIndustrials$37.1M+19.0%
700Howmet AerospaceHWMUSMaterials$37.0M+12.1%

All figures from SEC filings · FY2025 · 100

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