CompaniesRanked

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

Companies in the United States that spend the most on R&D — page 4

Ranks 301–400 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
301WealthfrontWLTHUSFinancials$212M+229.3%
302MaxlinearMXLUSTechnology$209M−7.4%
303ItronITRIUSTechnology$207M−3.7%
304Travere TherapeuticsTVTXUSHealthcare$206M−5.3%
305Paylocity HoldingPCTYUSTechnology$206M+15.4%
306Allegro MicrosystemsALGMUSTechnology$206M+14.6%
307Adtran HoldingsADTNUSTechnology$204M−7.8%
308GentexGNTXUSConsumer discretionary$203M+12.0%
309EcolabECLUSConsumer staples$202M−2.4%
310VaxartVXRTUSHealthcare$202M+171.6%
311Firefly AerospaceFLYUSIndustrials$200M+33.9%
312Mettler Toledo InternationalMTDUSTechnology$199M+5.3%
313Regal RexnordRRXUSIndustrials$199M+12.6%
314SemtechSMTCUSTechnology$196M+14.9%
315Clearwater AnalyticsCWANUSTechnology$196M+30.3%
316PeoplePPLIUSTechnology$196M−14.1%
317GrailGRALUSHealthcare$196M−39.3%
318WatersWATUSTechnology$196M+6.9%
319JfrogFROGUSTechnology$195M+21.3%
320Altria GroupMOUSConsumer staples$195M−6.3%
321Tandem Diabetes CareTNDMUSHealthcare$193M−2.9%
322DuPont de NemoursDDUSMaterials$193M−4.9%
323Rapid7RPDUSTechnology$191M+10.1%
324AppfolioAPPFUSTechnology$190M+18.7%
325CalixCALXUSCommunication services$190M+5.8%
326Harmony BiosciencesHRMYUSHealthcare$190M+30.0%
327Enphase EnergyENPHUSTechnology$189M−6.1%
328Fair IsaacFICOUSTechnology$188M+9.5%
329Lattice SemiconductorLSCCUSTechnology$188M+18.0%
330RambusRMBSUSTechnology$188M+15.2%
331Leidos HoldingsLDOSUSTechnology$187M+24.7%
332QuidelorthoQDELUSHealthcare$186M−14.9%
333Mirum PharmaceuticalsMIRMUSHealthcare$186M+32.4%
334Amneal PharmaceuticalsAMRXUSHealthcare$186M−2.4%
335Bloom EnergyBEUSIndustrials$186M+25.1%
336UpworkUPWKUSTechnology$186M−11.3%
337InterdigitalIDCCUSFinancials$185M−7.6%
338Axsome TherapeuticsAXSMUSHealthcare$183M−2.0%
339Zoominfo TechnologiesGTMUSTechnology$182M−7.2%
340Ribbon CommunicationsRBBNUSTechnology$179M−0.6%
341Doubleverify HoldingsDVUSTechnology$178M+16.6%
342MSCIMSCIUSTechnology$178M+11.9%
343Lantheus HoldingsLNTHUSHealthcare$177M+5.5%
344VontierVNTUSTechnology$176M−1.1%
345Allison TransmissionALSNUSConsumer discretionary$174M−13.0%
346OshkoshOSKUSConsumer discretionary$174M+2.7%
347SchrodingerSDGRUSHealthcare$173M−14.2%
348Tempus AiTEMUSTechnology$173M+15.8%
349Cooper CompaniesCOOUSHealthcare$172M+11.0%
350AppianAPPNUSTechnology$172M+5.4%
351UbiquitiUIUSTechnology$170M+6.2%
352BrunswickBCUSIndustrials$169M−0.5%
353Rhythm PharmaceuticalsRYTMUSHealthcare$167M−29.7%
354BrazeBRZEUSTechnology$167M+24.8%
355Kraft HeinzKHCUSConsumer staples$167M+11.3%
356Resideo TechnologiesREZIUSIndustrials$167M+50.5%
357Amkor TechnologyAMKRUSTechnology$167M+2.3%
358Biocryst PharmaceuticalsBCRXUSHealthcare$166M−4.9%
359NewmontNEMUSMaterials$166M−15.7%
360DoverDOVUSIndustrials$165M+10.5%
361RalliantRALUSTechnology$165M+0.9%
362ViasatVSATUSCommunication services$165M+15.8%
363FreshworksFRSHUSTechnology$163M−0.8%
364Jack Henry & AssociatesJKHYUSTechnology$163M+9.8%
365FastlyFSLYUSTechnology$163M+17.9%
366ToroTTCUSIndustrials$162M−6.2%
367Commvault SystemsCVLTUSTechnology$162M+10.9%
368DiodesDIODUSTechnology$162M+21.0%
369Digitalocean HoldingsDOCNUSTechnology$162M+13.4%
370CSG Systems InternationalCSGSUSTechnology$162M+2.1%
371TG TherapeuticsTGTXUSHealthcare$160M+69.9%
372Netscout SystemsNTCTUSTechnology$159M+4.3%
373Harley-DavidsonHOGUSConsumer discretionary$159M+0.4%
374Estee Lauder CompaniesELUSConsumer staples$158M+7.6%
375Payoneer GlobalPAYOUSTechnology$155M+15.4%
376NCR VoyixVYXUSTechnology$155M−1.3%
377Q2 HoldingsQTWOUSTechnology$154M+7.7%
378Indie SemiconductorINDIUSTechnology$154M−12.0%
379Prairie OperatingPROPUSEnergy$153M+302.4%
380Five9FIVNUSTechnology$152M−8.3%
381Otis WorldwideOTISUSTechnology$152M0.0%
382NavanNAVNUSTechnology$151M+23.6%
383LearLEAUSConsumer discretionary$151M−1.5%
384GlaukosGKOSUSHealthcare$151M+10.4%
385Owens CorningOCUSMaterials$150M+14.5%
386Dentsply SironaXRAYUSHealthcare$150M−9.1%
387Liveramp HoldingsRAMPUSTechnology$148M−16.1%
388Taboola.comTBLAUSTechnology$148M+3.9%
389WoodwardWWDUSIndustrials$148M+4.9%
390Globus MedicalGMEDUSHealthcare$147M−10.1%
391MacrogenicsMGNXUSHealthcare$147M−16.9%
392DauchDCHUSConsumer discretionary$147M−7.5%
393Universal DisplayOLEDUSTechnology$146M−7.1%
394Church & DwightCHDUSConsumer staples$146M+4.2%
395Manhattan AssociatesMANHUSTechnology$145M+5.4%
396Acm ResearchACMRUSIndustrials$145M+37.5%
397TeleflexTFXUSHealthcare$145M+32.8%
398Monte Rosa TherapeuticsGLUEUSHealthcare$142M+16.4%
399Acuity Inc. (De)AYIUSTechnology$140M+37.0%
400Chargepoint HoldingsCHPTUSTechnology$139M−1.4%

All figures from SEC filings · FY2025 · 100

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