CompaniesRanked

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

Companies in the United States that spend the most on R&D — page 2

Ranks 101–200 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
101Unity SoftwareUUSTechnology$930M+0.5%
102Biomarin PharmaceuticalBMRNUSHealthcare$922M+23.4%
103Ionis PharmaceuticalsIONSUSHealthcare$916M+1.6%
104HubspotHUBSUSTechnology$906M+16.3%
105Roper TechnologiesROPUSTechnology$853M+14.0%
106CienaCIENUSTechnology$848M+10.5%
107Zoom CommunicationsZMUSTechnology$845M−0.9%
108PepsiCoPEPUSConsumer staples$839M+3.2%
109ExelixisEXELUSHealthcare$825M−9.4%
110FortinetFTNTUSTechnology$816M+13.8%
111CorningGLWUSMaterials$800M0.0%
112Skyworks SolutionsSWKSUSTechnology$786M+24.3%
113RedditRDDTUSTechnology$783M−16.3%
114InsmedINSMUSHealthcare$771M+28.9%
115Emerson ElectricEMRUSTechnology$771M−1.3%
116Veeva SystemsVEEVUSTechnology$767M+10.7%
117Philip Morris InternationalPMUSConsumer staples$756M−0.4%
118DowDOWUSMaterials$752M−7.2%
119Ultragenyx PharmaceuticalRAREUSHealthcare$750M+7.4%
120SolventumSOLVUSHealthcare$739M−4.6%
121NutanixNTNXUSTechnology$737M+15.3%
122DropboxDBXUSTechnology$732M−20.0%
123RokuROKUUSCommunication services$729M+1.3%
124QorvoQRVOUSTechnology$726M−2.9%
125MongodbMDBUSTechnology$716M+20.0%
126BorgWarnerBWAUSConsumer discretionary$710M−3.5%
127SLBSLBUSEnergy$709M−5.3%
1283MMMMUSHealthcare$700M0.0%
129ZoetisZTSUSHealthcare$698M+1.7%
130International Flavors & FragrancesIFFUSMaterials$694M+3.4%
131Axon EnterpriseAXONUSIndustrials$684M+55.0%
132Rockwell AutomationROKUSTechnology$679M+3.2%
133ZscalerZSUSTechnology$672M+34.5%
134DocusignDOCUUSTechnology$665M+13.0%
135MaplebearCARTUSTechnology$650M+7.6%
136Sofi TechnologiesSOFIUSFinancials$648M+17.5%
137AmphenolAPHUSTechnology$647M+42.8%
138OktaOKTAUSTechnology$639M−0.5%
139Super Micro ComputerSMCIUSTechnology$637M+37.3%
140TrimbleTRMBUSTechnology$631M−4.8%
141Carrier GlobalCARRUSIndustrials$625M−8.9%
142NateraNTRAUSHealthcare$624M+54.4%
143Arrowhead PharmaceuticalsARWRUSHealthcare$607M+20.0%
144Zillow GroupZGUSTechnology$607M+3.8%
145Baker HughesBKRUSEnergy$600M−6.7%
146DexcomDXCMUSHealthcare$599M+8.5%
147Zebra TechnologiesZBRAUSIndustrials$593M+5.3%
148onsemiONUSTechnology$584M−4.7%
149CoherentCOHRUSTechnology$582M+21.5%
150Palantir TechnologiesPLTRUSTechnology$558M+9.8%
151United TherapeuticsUTHRUSHealthcare$550M+14.3%
152F5FFIVUSTechnology$540M+10.1%
153Trade DeskTTDUSTechnology$525M+13.3%
154Arcus BiosciencesRCUSUSHealthcare$523M+16.7%
155Exact SciencesEXASUSHealthcare$523M+21.3%
156TextronTXTUSIndustrials$521M+6.1%
157Baxter InternationalBAXUSHealthcare$518M−12.2%
158GlobalfoundriesGFSUSTechnology$518M+4.4%
159Akamai TechnologiesAKAMUSTechnology$514M+9.1%
160CloudflareNETUSTechnology$512M+21.6%
161NetskopeNTSKUSTechnology$509M+100.3%
162SS&C TechnologiesSSNCUSTechnology$508M−2.0%
163TeradyneTERUSTechnology$505M+9.5%
164DynatraceDTUSTechnology$474M+23.3%
165Zimmer BiometZBHUSHealthcare$459M+4.8%
166PTCPTCUSTechnology$458M+5.7%
167Check Point Software TechnologiesCHKPUSTechnology$457M+15.6%
168PTC TherapeuticsPTCTUSHealthcare$455M−14.8%
169Agilent TechnologiesAUSTechnology$455M−5.0%
170Royalty PharmaRPRXUSHealthcare$452M+22,500.0%
171Bridgebio PharmaBBIOUSHealthcare$452M−10.8%
172ElasticESTCUSTechnology$452M+23.6%
173LyftLYFTUSTechnology$451M+13.7%
174EtsyETSYUSTechnology$450M+1.6%
175Match GroupMTCHUSTechnology$450M+1.7%
176Minimed GroupMMEDUSHealthcare$448M+2.8%
177PPG IndustriesPPGUSMaterials$446M−0.2%
178PACCARPCARUSConsumer discretionary$446M−1.6%
179Vertiv HoldingsVRTUSTechnology$442M+20.2%
180Cirrus LogicCRUSUSTechnology$434M−0.2%
181ChevronCVXUSEnergy$427M+21.0%
182Legend BiotechLEGNUSHealthcare$415M+0.3%
183AutolivALVUSConsumer discretionary$413M+3.8%
184HalliburtonHALUSEnergy$411M−3.5%
185Beam TherapeuticsBEAMUSHealthcare$410M+11.4%
186Gen DigitalGENUSTechnology$409M+24.3%
187Mondelez InternationalMDLZUSConsumer staples$400M0.0%
188BrukerBRKRUSTechnology$395M+5.0%
189Madrigal PharmaceuticalsMDGLUSHealthcare$389M+64.1%
190HasbroHASUSConsumer discretionary$386M+31.1%
191UipathPATHUSTechnology$385M+1.2%
192Monolithic Power SystemsMPWRUSTechnology$382M+17.7%
193KenvueKVUEUSConsumer staples$382M−6.4%
194SynapticsSYNAUSTechnology$382M+10.1%
195Goodyear Tire & RubberGTUSMaterials$380M−10.8%
196AgcoAGCOUSIndustrials$375M−1.8%
197ToastTOSTUSTechnology$374M+6.6%
198RubrikRBRKUSTechnology$374M−29.7%
199PolarisPIIUSIndustrials$372M+10.4%
200WhirlpoolWHRUSConsumer discretionary$370M−8.6%

All figures from SEC filings · FY2025 · 100

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