CompaniesRanked

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

Companies that spend the most on research and development — page 7

Ranks 601–700 of 1270 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
601Soundhound AiSOUNUSTechnology$98.3M+39.3%
602RPM InternationalRPMUSMaterials$97.9M+3.4%
603CerenceCRNCUSTechnology$97.8M−19.6%
604AmplitudeAMPLUSTechnology$97.6M+0.0%
605Merit Medical SystemsMMSIUSHealthcare$97.4M+11.3%
606Pacific Biosciences of CaliforniaPACBUSTechnology$97.3M−27.9%
607Semrush HoldingsSEMRUSTechnology$97.2M+21.3%
608Solstice Advanced MaterialsSOLSUSMaterials$97.0M+16.9%
609Indivior PharmaceuticalsINDVUSHealthcare$97.0M−9.3%
610Kiniksa Pharmaceuticals InternationalKNSAGBHealthcare$96.9M−13.2%
611AvientAVNTUSMaterials$96.7M−2.0%
612ValnevaVALNFRHealthcare$96.4M+20.1%
613Air Products & ChemicalsAPDUSMaterials$96.3M−3.9%
614SprinklrCXMUSTechnology$96.0M+4.8%
615McKessonMCKUSHealthcare$96.0M+35.2%
616Imperial OilIMOCAEnergy$95.9M+11.3%
617PentairPNRGBIndustrials$95.9M+2.5%
618NovantaNOVTUSTechnology$95.5M−0.0%
619PerrigoPRGOIEHealthcare$95.4M−15.0%
620Curtiss WrightCWUSIndustrials$95.2M+3.8%
621Ironwood PharmaceuticalsIRWDUSHealthcare$95.1M−14.6%
622Smith A OAOSUSConsumer discretionary$95.0M−6.6%
623GenthermTHRMUSConsumer discretionary$94.8M+6.8%
624Alpha & Omega SemiconductorAOSLUSTechnology$94.3M+4.8%
625LemonadeLMNDUSFinancials$93.9M+9.4%
626StrategyMSTRUSFinancials$93.9M−20.8%
627Adaptive BiotechnologiesADPTUSHealthcare$93.8M−8.9%
628MoogMOG-AUSIndustrials$93.7M−16.9%
629CheggCHGGUSConsumer discretionary$93.5M−45.2%
630Via TransportationVIAUSTechnology$92.4M+3.8%
631CohuCOHUUSTechnology$92.2M+8.7%
632Varex ImagingVREXUSTechnology$91.1M+4.7%
633Canadian SolarCSIQCATechnology$90.7M−24.9%
634Fiverr InternationalFVRRILTechnology$90.7M+0.5%
635Aci WorldwideACIWUSTechnology$90.2M—
636YextYEXTUSTechnology$89.9M+16.4%
637PenumbraPENUSHealthcare$89.8M−5.3%
638TuyaTUYACNTechnology$89.7M−5.6%
639Gaotu TecheduGOTUCNConsumer discretionary$89.7M+1.0%
640ShutterstockSSTKUSTechnology$89.0M+0.7%
641OmnicellOMCLUSTechnology$88.7M−1.9%
642DonaldsonDCIUSIndustrials$87.8M−6.2%
643Icu MedicalICUIUSHealthcare$87.5M−1.3%
644AngiANGIUSCommunication services$87.4M−8.4%
645Diebold NixdorfDBDUSTechnology$86.7M−7.4%
646SasolSSLZAEnergy$86.7M+5.0%
647Tower SemiconductorTSEMILTechnology$86.5M+8.9%
648Fluence EnergyFLNCUSTechnology$86.2M+30.2%
649Amphastar PharmaceuticalsAMPHUSHealthcare$85.8M+16.1%
650NetgearNTGRUSTechnology$85.7M+5.7%
651Lincoln ElectricLECOUSIndustrials$85.6M+4.6%
652Applied OptoelectronicsAAOIUSTechnology$85.5M+55.6%
653Lexinfintech HoldingsLXCNFinancials$85.1M+7.5%
654MagniteMGNIUSTechnology$84.7M−11.1%
655Irhythm HoldingsIRTCUSHealthcare$84.6M+18.4%
656VertexVERXUSTechnology$83.7M+25.6%
657TechnipfmcFTIGBEnergy$83.1M+13.2%
658GracoGGGUSIndustrials$82.3M−5.7%
659Par TechnologyPARUSTechnology$81.8M+21.6%
660Halozyme TherapeuticsHALOUSHealthcare$81.5M+3.1%
661Ligand PharmaceuticalsLGNDUSHealthcare$81.2M+278.9%
662Cooper-Standard HoldingsCPSUSConsumer discretionary$80.6M−2.6%
663Twist BioscienceTWSTUSHealthcare$80.3M−11.6%
664XunleiXNETCNTechnology$80.0M+11.8%
665MedlineMDLNUSHealthcare$80.0M+19.4%
666BradyBRCUSConsumer discretionary$79.9M+17.9%
667Penguin SolutionsPENGUSTechnology$79.8M−2.1%
668EvercommerceEVCMUSTechnology$79.0M+3.7%
669Opendoor TechnologiesOPENUSReal estate$79.0M−44.0%
670RadwareRDWRILTechnology$79.0M+5.7%
671VicorVICRUSTechnology$78.6M+14.0%
672Nvent ElectricNVTUSIndustrials$78.5M+18.8%
673FlexFLEXUSTechnology$78.2M+19.2%
674ConocoPhillipsCOPUSEnergy$78.0M−3.7%
675StratasysSSYSUSTechnology$77.3M−22.0%
676Huckleberry.AiDOMOUSTechnology$77.2M−12.2%
677Arcutis BiotherapeuticsARQTUSHealthcare$77.1M+0.8%
678Finvolution GroupFINVCNFinancials$76.7M+12.8%
679Acushnet HoldingsGOLFUSConsumer discretionary$76.5M+12.8%
680HarmonicHLITUSTechnology$76.3M+5.2%
681Alphatec HoldingsATECUSHealthcare$76.3M−5.5%
682Pagaya TechnologiesPGYUSFinancials$75.2M−1.8%
683ZhihuZHCNTechnology$75.1M−25.2%
684EmbraerEMBJBRIndustrials$74.4M+35.3%
685West Pharmaceutical ServicesWSTUSHealthcare$74.3M+7.5%
686DiageoDEOGBConsumer staples$74.0M+7.2%
687Arlo TechnologiesARLOUSIndustrials$73.7M+0.6%
688YoudaoDAOCNConsumer discretionary$73.5M−0.6%
689Watts Water TechnologiesWTSUSIndustrials$73.5M+4.4%
690Osi SystemsOSISUSTechnology$73.4M+12.5%
691Commerce.comCMRCUSTechnology$73.0M−9.7%
692American WellAMWLUSTechnology$72.9M−15.3%
693AgilysysAGYSUSTechnology$72.7M+16.6%
694SimilarwebSMWBILTechnology$72.6M+30.6%
695Snap-OnSNAUSIndustrials$72.4M+8.1%
696Clear SecureYOUUSTechnology$72.4M−1.3%
697Genedx HoldingsWGSUSHealthcare$72.0M+57.5%
698Gates IndustrialGTESUSIndustrials$71.9M+8.1%
699ArdelyxARDXUSHealthcare$71.5M+36.7%
700CaredxCDNAUSHealthcare$71.4M−1.5%

All figures from SEC filings · FY2025 · 100

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