Companies in Singapore that spend the most on R&D
Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Trip.com Group (TCOM) tops the list with $2.2B in r&d expense for fiscal 2025, ahead of Sea ($1.2B) and Grab Holdings ($428M). The top 10 together report $4.3B in r&d expense; the gap between #1 and #10 is ×850.96. 10 companies in Singapore report r&d expense, 0.8% of the 1270-filer universe. The last place on the list, Bitfufu, comes in at $2.5M.
| # | Company | R&D expense | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | Trip.com GroupTCOMSGTechnology | $2.2B | +20.2% | |
| 2 | SeaSESGIndustrials | $1.2B | −4.1% | |
| 3 | Grab HoldingsGRABSGTechnology | $428M | +4.4% | |
| 4 | JoyyJOYYSGTechnology | $247M | −11.3% | |
| 5 | Kulicke & Soffa IndustriesKLICSGTechnology | $150M | −1.1% | |
| 6 | CanaanCANSGFinancials | $63.1M | +3.0% | |
| 7 | Sound GroupSOGPSGTechnology | $34.4M | +7.8% | |
| 8 | Lightinthebox HoldingLITBSGConsumer discretionary | $10.3M | −33.9% | |
| 9 | Kenon HoldingsKENSGUtilities | $4.0M | −67.1% | |
| 10 | BitfufuFUFUSGFinancials | $2.5M | −54.6% |
All figures from SEC filings · FY2025 · 10
see sources
- Trip.com Group 0001193125-26-183379
- Sea 0001140361-26-015366
- Grab Holdings 0001855612-26-000020
- Joyy 0001104659-26-049917
- Kulicke & Soffa Industries 0000056978-25-000081
- Canaan 0001104659-26-043786
- Sound Group 0001493152-26-019716
- Lightinthebox Holding 0001104659-26-038848
- Kenon Holdings 0001178913-26-001842
- Bitfufu 0001213900-26-048533
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/companies-in-singapore-that-spend-the-most-on-research-and-development">Companies in Singapore that spend the most on R&D</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
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{{cite web |title=Companies in Singapore that spend the most on R&D |url=https://companiesranked.com/en/companies-in-singapore-that-spend-the-most-on-research-and-development |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Companies in Singapore that spend the most on R&D. CompaniesRanked. https://companiesranked.com/en/companies-in-singapore-that-spend-the-most-on-research-and-developmentBibTeX
@misc{companiesranked-en-companies-in-singapore-that-spend-the-most-on-research-and-development-2026,
author = {{CompaniesRanked}},
title = {{Companies in Singapore that spend the most on R\&D}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/companies-in-singapore-that-spend-the-most-on-research-and-development}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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