CompaniesRanked

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

Companies that spend the most on research and development — page 12

Ranks 1101–1200 of 1270 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
1101Array TechnologiesARRYUSTechnology$9.9M+47.8%
1102TrupanionTRUPUSHealthcare$9.9M+102.5%
1103MicwareMWCJPTechnology$9.8M+40.9%
1104Planet Image InternationalYIBOCNTechnology$9.8M+57.8%
1105Nacco IndustriesNCUSEnergy$9.7M+1.0%
1106Purple InnovationPRPLUSIndustrials$9.6M−25.9%
1107EvolusEOLSUSHealthcare$9.6M+4.4%
1108TalkspaceTALKUSHealthcare$9.5M−7.2%
1109ProgynyPGNYUSHealthcare$9.5M—
1110Tigo EnergyTYGOUSTechnology$9.2M−6.2%
1111DoleDOLEIEConsumer staples$9.2M+3.4%
1112OrthopediatricsKIDSUSHealthcare$9.1M−17.5%
1113Koppers HoldingsKOPUSIndustrials$9.0M+36.4%
1114Exzeo GroupXZOUSTechnology$8.8M+35.6%
1115MarketwiseMKTWUSTechnology$8.8M−11.0%
1116AdvansixASIXUSMaterials$8.7M−1.1%
1117WD 40WDFCUSMaterials$8.7M+8.8%
1118Ufp TechnologiesUFPTUSHealthcare$8.6M−17.3%
1119PaysafePSFEGBTechnology$8.6M—
1120Tactile Systems TechnologyTCMDUSHealthcare$8.5M−4.0%
1121Sturm RugerRGRUSIndustrials$8.4M+2.4%
1122Huize HoldingHUIZCNFinancials$8.4M−1.8%
1123TelesatTSATCACommunication services$8.3M−2.0%
1124Miller IndustriesMLRUSConsumer discretionary$8.2M+32.3%
1125LZ TechnologyLZMHCNTechnology$8.0M+1,215.2%
1126Key TronicKTCCUSTechnology$8.0M−12.6%
1127NRG EnergyNRGUSUtilities$8.0M+14.3%
1128Yum ChinaYUMCUSConsumer discretionary$8.0M+33.3%
1129UnifiUFIUSConsumer discretionary$7.7M−11.9%
1130Douglas DynamicsPLOWUSIndustrials$7.7M−8.3%
1131Grove CollaborativeGROVUSConsumer discretionary$7.5M−59.4%
1132Consensus Cloud SolutionsCCSIUSTechnology$7.5M−2.9%
1133HonestHNSTUSConsumer discretionary$7.3M+7.2%
1134Meridian HoldingsMRDNUSTechnology$7.1M+16.8%
1135TelosTLSUSTechnology$7.1M−16.4%
1136Rayonier Advanced MaterialsRYAMUSMaterials$7.0M+40.0%
1137LovesacLOVEUSConsumer discretionary$7.0M−16.7%
1138Commercial VehicleCVGIUSConsumer discretionary$7.0M−5.4%
1139EcovystECVTUSMaterials$6.8M−12.6%
1140AstronovaALOTUSTechnology$6.8M+12.3%
1141Innovex InternationalINVXUSEnergy$6.7M+81.1%
1142NeuroneticsSTIMUSHealthcare$6.6M−48.4%
1143Resolute Holdings ManagementRHLDUSFinancials$6.6M−11.8%
1144Mastercraft BoatMCFTUSIndustrials$6.5M−4.4%
1145Graftech InternationalEAFUSIndustrials$6.5M+13.5%
1146GrahamGHMUSIndustrials$6.4M+57.3%
1147Niagen BioscienceNAGEUSHealthcare$6.3M+5.2%
1148Ormat TechnologiesORAUSUtilities$6.3M−3.0%
1149GlobalstarGSATUSCommunication services$6.1M−6.2%
1150American Outdoor BrandsAOUTUSConsumer discretionary$6.1M−21.1%
1151Phillips 66PSXUSEnergy$6.0M−60.0%
1152Shift4 PaymentsFOURUSTechnology$6.0M+50.0%
1153Wabash NationalWNCUSConsumer discretionary$5.9M−31.4%
1154ImaxIMAXCAConsumer discretionary$5.8M+14.0%
1155CLPSCLPSHKTechnology$5.8M−18.7%
1156CSW IndustrialsCSWUSMaterials$5.8M+9.4%
1157Elite PharmaceuticalsELTPUSHealthcare$5.7M−27.9%
1158CaesarstoneCSTEILMaterials$5.7M+14.6%
1159Triple Flag Precious MetalsTFPMCAFinancials$5.6M+65.9%
1160Skinhealth SystemsSKINUSHealthcare$5.6M−10.6%
1161Greenbrier CompaniesGBXUSIndustrials$5.5M+5.8%
1162Simply Good FoodsSMPLUSConsumer staples$5.5M+1.9%
1163Hain CelestialHAINUSConsumer staples$5.2M−2.7%
1164Preformed Line ProductsPLPCUSIndustrials$5.2M+15.6%
1165Cheer HoldingCHRCNTechnology$5.2M+50.9%
1166Oil States InternationalOISUSEnergy$5.1M−1.9%
1167DMC GlobalBOOMUSMaterials$5.0M−13.5%
1168WeyerhaeuserWYUSReal estate$5.0M−28.6%
1169Adma BiologicsADMAUSHealthcare$4.8M+162.7%
1170GevoGEVOUSMaterials$4.6M−18.4%
1171Cronos GroupCRONCAHealthcare$4.4M+5.2%
1172MedifastMEDUSConsumer staples$4.3M−6.5%
1173Luxfer HoldingsLXFRGBMaterials$4.3M−2.3%
1174Sunlands TechnologySTGCNConsumer discretionary$4.2M+23.4%
1175TrexTREXUSIndustrials$4.2M+20.0%
1176Wing Yip Food HoldingsWYHGCNConsumer staples$4.1M−17.0%
1177Ranpak HoldingsPACKUSMaterials$4.1M−6.8%
1178EasternEMLUSIndustrials$4.1M−16.9%
1179Kenon HoldingsKENSGUtilities$4.0M−67.1%
1180ConduentCNDTUSTechnology$4.0M−33.3%
1181Winnebago IndustriesWGOUSConsumer discretionary$4.0M+2.6%
1182Hurco CompaniesHURCUSTechnology$4.0M+2.6%
1183Babcock & Wilcox EnterprisesBWUSIndustrials$3.8M+137.5%
1184Foster L BFSTRUSIndustrials$3.6M+28.7%
1185M/I HomesMHOUSIndustrials$3.6M+50.0%
1186NetlistNLSTUSTechnology$3.5M−56.6%
1187Offerpad SolutionsOPADUSReal estate$3.4M−24.7%
1188IQVIA HoldingsIQVUSHealthcare$3.3M−42.4%
1189Sanfilippo John B & SonJBSSUSConsumer staples$3.3M−4.6%
1190Lsi IndustriesLYTSUSTechnology$3.3M−5.7%
1191EscaladeESCAUSConsumer discretionary$3.2M0.0%
1192WaldencastWALDGBConsumer staples$3.2M−47.6%
1193National CinemediaNCMIUSCommunication services$3.1M−6.1%
1194Viemed HealthcareVMDUSHealthcare$3.0M−1.7%
1195Quad/GraphicsQUADUSCommunication services$2.9M−9.4%
1196XpelXPELUSIndustrials$2.9M0.0%
1197Twin DiscTWINUSIndustrials$2.7M+2.7%
1198Daqo New EnergyDQCNTechnology$2.6M−43.3%
1199BitfufuFUFUSGFinancials$2.5M−54.6%
1200ClearfieldCLFDUSTechnology$2.4M−19.3%

All figures from SEC filings · FY2025 · 100

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