CompaniesRanked

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

Companies that spend the most on research and development — page 4

Ranks 301–400 of 1270 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
301Astera LabsALABUSTechnology$304M+51.4%
302ServicetitanTTANUSTechnology$303M+15.0%
303Illinois Tool WorksITWUSIndustrials$302M+3.4%
304AsanaASANUSTechnology$301M−11.7%
305InsuletPODDUSHealthcare$301M+37.1%
306Factset Research SystemsFDSUSTechnology$301M+13.4%
307Iovance BiotherapeuticsIOVAUSHealthcare$300M+8.7%
308MKSMKSIUSTechnology$299M+10.3%
309Anheuser-Busch InBevBUDBEConsumer staples$298M+0.7%
310YelpYELPUSConsumer discretionary$298M−4.1%
311Guidewire SoftwareGWREUSTechnology$296M+9.9%
312Smith & NephewSNNGBHealthcare$296M+2.4%
313BoxBOXUSTechnology$295M+11.2%
314KlaviyoKVYOUSTechnology$291M+22.1%
315ArvinasARVNUSHealthcare$285M−18.1%
316Vistance NetworksVISNUSTechnology$284M+14.5%
317Paycom SoftwarePAYCUSTechnology$283M+16.8%
318CriteoCRTOLUCommunication services$283M+1.4%
319TeradataTDCUSTechnology$280M−1.4%
320SonosSONOUSTechnology$280M−8.1%
321Credo Technology GroupCRDOKYTechnology$279M+90.2%
322Teladoc HealthTDOCUSHealthcare$278M−9.6%
323Mcgraw HillMHUSCommunication services$276M−2.9%
324Bio-Rad LaboratoriesBIOUSTechnology$276M−6.9%
325Immunocore HoldingsIMCRGBHealthcare$275M+23.7%
326GitlabGTLBUSTechnology$275M+14.6%
327BPBPGBEnergy$274M−9.0%
328Johnson Controls InternationalJCIIEIndustrials$273M+2.2%
329Rocket LabRKLBUSIndustrials$271M+55.2%
330Alarm.com HoldingsALRMUSTechnology$270M+5.6%
331Las Vegas SandsLVSUSConsumer discretionary$269M+18.0%
332FMCFMCUSMaterials$266M−4.3%
333VeraltoVLTOUSTechnology$266M+5.1%
334New York TimesNYTUSCommunication services$264M+6.5%
335Sirius XMSIRIUSCommunication services$263M−11.1%
336Silicon Motion TechnologySIMOHKTechnology$263M+20.6%
337Viavi SolutionsVIAVUSTechnology$263M+25.9%
338HealthequityHQYUSTechnology$263M+9.6%
339Dolby LaboratoriesDLBUSFinancials$262M−0.7%
340FortiveFTVUSTechnology$259M+3.1%
341Syndax PharmaceuticalsSNDXUSHealthcare$259M+7.1%
342Upstart HoldingsUPSTUSFinancials$258M+1.6%
343General MillsGISUSConsumer staples$256M−0.2%
344Eastman ChemicalEMNUSMaterials$255M+2.0%
345Corcept TherapeuticsCORTUSHealthcare$255M+3.2%
346Light & WonderLAWILUSTechnology$252M−3.8%
347Idexx LaboratoriesIDXXUSHealthcare$251M+14.3%
348Sohu.comSOHUCNTechnology$248M−3.0%
349JoyyJOYYSGTechnology$247M−11.3%
350Archer-Daniels-MidlandADMUSConsumer staples$246M−8.6%
351CompassCOMPUSReal estate$246M+30.2%
352Futu HoldingsFUTUCNFinancials$245M+27.5%
353Macom Technology SolutionsMTSIUSTechnology$244M+34.2%
354Ginkgo BioworksDNAUSHealthcare$244M−42.5%
355Generac HoldingsGNRCUSIndustrials$243M+10.9%
356Parker-HannifinPHUSIndustrials$240M−5.1%
357XencorXNCRUSHealthcare$239M+5.2%
35810x GenomicsTXGUSTechnology$239M−9.8%
359AmbarellaAMBAUSTechnology$239M+5.5%
360IqiyiIQCNCommunication services$238M−2.4%
361Varonis SystemsVRNSUSTechnology$238M+20.9%
362KanzhunBZCNTechnology$236M−4.9%
363AmetekAMEUSTechnology$236M−0.2%
364Peloton InteractivePTONUSConsumer discretionary$234M−23.2%
365EniEITEnergy$234M+21.4%
366First SolarFSLRUSTechnology$233M+22.0%
367Advanced Energy IndustriesAEISUSTechnology$232M+9.7%
368C3.AiAIUSTechnology$229M+1.2%
369RegenxbioRGNXUSHealthcare$228M+9.5%
370CCC Intelligent SolutionsCCCUSTechnology$227M+12.9%
371MattelMATUSConsumer discretionary$227M+17.2%
372ApplovinAPPUSTechnology$227M−39.6%
373XylemXYLUSIndustrials$226M−1.7%
374NovocureNVCRHealthcare$225M+7.1%
375Tenable HoldingsTENBUSTechnology$224M+23.1%
376Westinghouse Air Brake TechnologiesWABUSIndustrials$223M+8.3%
377SailpointSAILUSTechnology$223M+31.4%
378Extreme NetworksEXTRUSTechnology$221M+4.5%
379Solaredge TechnologiesSEDGILTechnology$221M−20.2%
380Zai LabZLABCNHealthcare$221M−5.8%
381VisteonVCUSConsumer discretionary$220M+15.2%
382Sinovac BiotechSVACNHealthcare$216M−20.1%
383SymboticSYMUSIndustrials$216M+24.5%
384RevvityRVTYUSTechnology$216M+9.7%
385WorkivaWKUSTechnology$215M+11.4%
386Smithfield FoodsSFDUSConsumer staples$214M+48.6%
387WealthfrontWLTHUSFinancials$212M+229.3%
388MaxlinearMXLUSTechnology$209M−7.4%
389ItronITRIUSTechnology$207M−3.7%
390Travere TherapeuticsTVTXUSHealthcare$206M−5.3%
391Paylocity HoldingPCTYUSTechnology$206M+15.4%
392Allegro MicrosystemsALGMUSTechnology$206M+14.6%
393Adtran HoldingsADTNUSTechnology$204M−7.8%
394GentexGNTXUSConsumer discretionary$203M+12.0%
395EcolabECLUSConsumer staples$202M−2.4%
396VaxartVXRTUSHealthcare$202M+171.6%
397Firefly AerospaceFLYUSIndustrials$200M+33.9%
398Mettler Toledo InternationalMTDUSTechnology$199M+5.3%
399Regal RexnordRRXUSIndustrials$199M+12.6%
400SemtechSMTCUSTechnology$196M+14.9%

All figures from SEC filings · FY2025 · 100

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