CompaniesRanked

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

Technology companies that spend the most on R&D — page 5

Ranks 401–477 of 477 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
401ComscoreSCORUS$30.2M−8.7%
402NayaxNYAXIL$30.0M+18.1%
403TTM TechnologiesTTMIUS$29.0M−9.0%
404T1 EnergyTEUS$28.5M+109.6%
405WM TechnologyMAPSUS$28.1M−22.8%
406Magnachip SemiconductorMXKR$27.3M+9.1%
407Universal ElectronicsUEICUS$26.3M−11.6%
408SmartrentSMRTUS$26.2M−10.7%
409JabilJBLUS$26.0M−33.3%
410CTSCTSUS$25.3M+8.0%
411Lucas GCLGCLCN$25.1M+8.6%
412UnisysUISUS$24.6M−2.4%
413Grid DynamicsGDYNUS$23.7M+29.0%
414QuantumQMCOUS$23.5M−24.5%
415Spectrum BrandsSPBUS$23.2M−17.4%
416Ichor HoldingsICHRUS$23.1M+0.3%
417Esco TechnologiesESEUS$23.0M+91.7%
418Badger MeterBMIUS$21.6M+12.5%
419MediaalphaMAXUS$21.4M+8.3%
420Vishay PrecisionVPGUS$20.8M+4.3%
421ExpensifyEXFYUS$20.7M−16.1%
422Evolv TechnologiesEVLVUS$20.6M−12.1%
423Mesa LaboratoriesMLABUS$20.3M+4.0%
424InseegoINSGUS$19.8M−3.9%
425So-Young InternationalSYCN$19.6M−13.3%
426Inspired EntertainmentINSEUS$19.4M−14.5%
427LantronixLTRXUS$18.6M−8.3%
428PowerfleetAIOTUS$18.4M+14.3%
429TucowsTCXCA$17.8M−4.4%
430Kimball ElectronicsKEUS$17.5M−4.4%
431Comtech TelecommunicationsCMTLUS$17.4M−27.7%
432Douyu InternationalDOYUCN$17.3M−30.4%
433Turtle BeachTBCHUS$16.9M−2.4%
434Bigbear.Ai HoldingsBBAIUS$16.8M+54.2%
435PhotronicsPLABUS$15.8M−4.7%
436Cbak Energy TechnologyCBATCN$15.8M+21.5%
437Pitney BowesPBIUS$15.3M−52.2%
438Energy VaultNRGVUS$14.6M−43.7%
439Skywater TechnologySKYTUS$14.6M−2.8%
440Icts International N VICTSFNL$14.5M+0.9%
441ClarivateCLVT$13.7M−22.4%
442Science Applications InternationalSAICUS$13.0M+8.3%
443Dhi GroupDHXUS$12.8M−32.0%
444Mynd.AiMYNDUS$12.8M−49.2%
445Napco Security TechnologiesNSSCUS$12.6M+16.9%
446Doubledown InteractiveDDIKR$12.0M−13.9%
447Scienjoy HoldingSJCN$11.9M−3.7%
448UltralifeULBIUS$10.4M+25.8%
449Jianpu TechnologyAIJTYCN$10.4M−2.9%
450Array TechnologiesARRYUS$9.9M+47.8%
451MicwareMWCJP$9.8M+40.9%
452Planet Image InternationalYIBOCN$9.8M+57.8%
453Tigo EnergyTYGOUS$9.2M−6.2%
454Exzeo GroupXZOUS$8.8M+35.6%
455MarketwiseMKTWUS$8.8M−11.0%
456PaysafePSFEGB$8.6M—
457LZ TechnologyLZMHCN$8.0M+1,215.2%
458Key TronicKTCCUS$8.0M−12.6%
459Consensus Cloud SolutionsCCSIUS$7.5M−2.9%
460Meridian HoldingsMRDNUS$7.1M+16.8%
461TelosTLSUS$7.1M−16.4%
462AstronovaALOTUS$6.8M+12.3%
463Shift4 PaymentsFOURUS$6.0M+50.0%
464CLPSCLPSHK$5.8M−18.7%
465Cheer HoldingCHRCN$5.2M+50.9%
466ConduentCNDTUS$4.0M−33.3%
467Hurco CompaniesHURCUS$4.0M+2.6%
468NetlistNLSTUS$3.5M−56.6%
469Lsi IndustriesLYTSUS$3.3M−5.7%
470Daqo New EnergyDQCN$2.6M−43.3%
471ClearfieldCLFDUS$2.4M−19.3%
472UxinUXINCN$1.8M−62.1%
473Ridenow GroupRDNWUS$1.4M−41.0%
474QuhuoQHCN$1.0M−30.6%
475Kewaunee ScientificKEQUUS$898,000−2.3%
476Nutex HealthNUTXUS$285,880−48.7%
477ImmersionIMMRUS$281,000−79.6%

All figures from SEC filings · FY2025 · 77

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