CompaniesRanked

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

Companies that spend the most on research and development — page 11

Ranks 1001–1100 of 1270 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
1001RLX TechnologyRLXCNConsumer staples$18.7M+54.9%
1002LantronixLTRXUSTechnology$18.6M−8.3%
1003Oatly GroupOTLYSEConsumer staples$18.6M−38.4%
1004BalchemBCPCUSMaterials$18.5M+10.2%
1005NeogenNEOGUSHealthcare$18.4M−12.8%
1006PowerfleetAIOTUSTechnology$18.4M+14.3%
1007Titan InternationalTWIUSMaterials$18.3M+10.9%
1008Power Solutions InternationalPSIXUSIndustrials$18.2M−9.4%
1009LindsayLNNUSIndustrials$17.9M+4.7%
1010Pilgrims PridePPCUSConsumer staples$17.9M+44.4%
1011TucowsTCXCATechnology$17.8M−4.4%
1012Jefferies FinancialJEFUSFinancials$17.6M−20.6%
1013Kimball ElectronicsKEUSTechnology$17.5M−4.4%
1014Si-BoneSIBNUSHealthcare$17.4M+5.4%
1015Comtech TelecommunicationsCMTLUSTechnology$17.4M−27.7%
1016Maravai LifesciencesMRVIUSHealthcare$17.4M−9.5%
1017Douyu InternationalDOYUCNTechnology$17.3M−30.4%
1018CryoportCYRXUSHealthcare$17.0M−3.8%
1019ValhiVHIUSMaterials$17.0M+21.4%
1020Centrus EnergyLEUUSMaterials$16.9M−1.7%
1021Turtle BeachTBCHUSTechnology$16.9M−2.4%
1022Dorman ProductsDORMUSConsumer discretionary$16.8M+6.3%
1023Bigbear.Ai HoldingsBBAIUSTechnology$16.8M+54.2%
1024Matthews InternationalMATWUSMaterials$16.7M+4.8%
1025StrideLRNUSConsumer discretionary$16.6M−0.6%
1026Compass DiversifiedCODIUSIndustrials$16.6M−1.8%
1027Armstrong World IndustriesAWIUSMaterials$16.4M+4.5%
1028Zurn Elkay Water SolutionsZWSUSIndustrials$16.2M−0.6%
1029InterfaceTILEUSConsumer discretionary$16.1M+6.6%
1030Cheniere EnergyLNGUSUtilities$16.0M+128.6%
1031Bellring BrandsBRBRUSConsumer staples$16.0M+11.9%
1032Kronos WorldwideKROUSMaterials$16.0M+14.3%
1033PhotronicsPLABUSTechnology$15.8M−4.7%
1034Cbak Energy TechnologyCBATCNTechnology$15.8M+21.5%
1035American SuperconductorAMSCUSIndustrials$15.7M+37.8%
1036Angel StudiosANGXUSCommunication services$15.5M+20.9%
1037Evolent HealthEVHUSIndustrials$15.5M+2.6%
1038Pitney BowesPBIUSTechnology$15.3M−52.2%
1039KadantKAIUSIndustrials$15.3M+6.6%
1040Blue BirdBLBDUSConsumer discretionary$15.2M+61.7%
1041Mimedx GroupMDXGUSHealthcare$15.1M+22.3%
1042Cenovus EnergyCVECAEnergy$15.1M−21.9%
1043Tronox HoldingsTROXUSMaterials$15.0M+7.1%
1044ValvolineVVVUSEnergy$15.0M+15.4%
1045Opal FuelsOPALUSUtilities$14.9M−21.8%
1046Bioceres Crop SolutionsBIOXKYMaterials$14.9M−13.2%
1047Energy VaultNRGVUSTechnology$14.6M−43.7%
1048Skywater TechnologySKYTUSTechnology$14.6M−2.8%
1049Icts International N VICTSFNLTechnology$14.5M+0.9%
1050Packaging Corp of AmericaPKGUSMaterials$14.5M−6.5%
1051Enerpac ToolEPACUSIndustrials$14.5M+16.9%
1052Motorcar Parts of AmericaMPAAUSConsumer discretionary$14.2M+24.5%
1053Lemaitre VascularLMATUSHealthcare$14.1M−9.7%
1054BWX TechnologiesBWXTUSIndustrials$13.9M+85.4%
1055EhealthEHTHUSFinancials$13.8M+11.3%
1056Here GroupHERECNConsumer discretionary$13.8M−31.0%
1057ClarivateCLVTTechnology$13.7M−22.4%
1058DocgoDCGOUSHealthcare$13.6M+17.0%
1059Aspen AerogelsASPNUSIndustrials$13.4M−25.7%
1060InmodeINMDILHealthcare$13.3M+1.4%
1061EnproNPOUSMaterials$13.3M+22.0%
1062Hamilton Beach BrandsHBBUSConsumer discretionary$13.2M−3.6%
1063Loar HoldingsLOARUSIndustrials$13.1M+48.9%
1064Energy RecoveryERIIUSIndustrials$13.0M−19.7%
1065Science Applications InternationalSAICUSTechnology$13.0M+8.3%
1066Accendra HealthACHUSIndustrials$13.0M0.0%
1067KamadaKMDAILHealthcare$13.0M−14.4%
1068Dhi GroupDHXUSTechnology$12.8M−32.0%
1069Mynd.AiMYNDUSTechnology$12.8M−49.2%
1070On HoldingONONCHConsumer discretionary$12.8M+17.2%
1071Catalyst PharmaceuticalsCPRXUSHealthcare$12.7M+0.5%
1072Napco Security TechnologiesNSSCUSTechnology$12.6M+16.9%
1073Heron TherapeuticsHRTXUSHealthcare$12.4M−25.5%
1074TraegerCOOKUSConsumer discretionary$12.4M−18.4%
1075Spok HoldingsSPOKUSCommunication services$12.2M+4.5%
1076EvgoEVGOUSConsumer discretionary$12.2M+5.2%
1077Enlight Renewable EnergyENLTILUtilities$12.2M+5.1%
1078BioventusBVSUSHealthcare$12.1M−13.2%
1079BingexFLXCNIndustrials$12.1M−38.7%
1080Doubledown InteractiveDDIKRTechnology$12.0M−13.9%
1081Scienjoy HoldingSJCNTechnology$11.9M−3.7%
1082ClarusCLARUSConsumer discretionary$11.9M−2.0%
1083FluentFLNTUSCommunication services$11.8M−31.5%
1084Core ScientificCORZUSFinancials$11.8M+64.7%
1085Simpson ManufacturingSSDUSIndustrials$11.5M−44.4%
1086Cadre HoldingsCDREUSHealthcare$11.4M+36.0%
1087Apogee EnterprisesAPOGUSMaterials$11.2M−61.4%
1088Powell IndustriesPOWLUSIndustrials$11.0M+16.8%
1089TechtargetTTGTUSCommunication services$10.8M−5.1%
1090Gigacloud TechnologyGCTUSConsumer discretionary$10.8M+10.6%
1091La-Z-BoyLZBUSIndustrials$10.8M+9.1%
1092Nu Skin EnterprisesNUSUSHealthcare$10.8M−16.9%
1093BuzzfeedBZFDUSCommunication services$10.8M−0.6%
1094Kaiser AluminumKALUUSMaterials$10.7M−10.8%
1095Usana Health SciencesUSNAUSHealthcare$10.7M−7.6%
1096PearsonPSOGBCommunication services$10.6M+37.5%
1097UltralifeULBIUSTechnology$10.4M+25.8%
1098Jianpu TechnologyAIJTYCNTechnology$10.4M−2.9%
1099Smith & Wesson BrandsSWBIUSIndustrials$10.3M+7.7%
1100Lightinthebox HoldingLITBSGConsumer discretionary$10.3M−33.9%

All figures from SEC filings · FY2025 · 100

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