CompaniesRanked

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

Companies in the United States that spend the most on R&D — page 6

Ranks 501–600 of 1030 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
501GenthermTHRMUSConsumer discretionary$94.8M+6.8%
502Alpha & Omega SemiconductorAOSLUSTechnology$94.3M+4.8%
503LemonadeLMNDUSFinancials$93.9M+9.4%
504StrategyMSTRUSFinancials$93.9M−20.8%
505Adaptive BiotechnologiesADPTUSHealthcare$93.8M−8.9%
506MoogMOG-AUSIndustrials$93.7M−16.9%
507CheggCHGGUSConsumer discretionary$93.5M−45.2%
508Via TransportationVIAUSTechnology$92.4M+3.8%
509CohuCOHUUSTechnology$92.2M+8.7%
510Varex ImagingVREXUSTechnology$91.1M+4.7%
511Aci WorldwideACIWUSTechnology$90.2M—
512YextYEXTUSTechnology$89.9M+16.4%
513PenumbraPENUSHealthcare$89.8M−5.3%
514ShutterstockSSTKUSTechnology$89.0M+0.7%
515OmnicellOMCLUSTechnology$88.7M−1.9%
516DonaldsonDCIUSIndustrials$87.8M−6.2%
517Icu MedicalICUIUSHealthcare$87.5M−1.3%
518AngiANGIUSCommunication services$87.4M−8.4%
519Diebold NixdorfDBDUSTechnology$86.7M−7.4%
520Fluence EnergyFLNCUSTechnology$86.2M+30.2%
521Amphastar PharmaceuticalsAMPHUSHealthcare$85.8M+16.1%
522NetgearNTGRUSTechnology$85.7M+5.7%
523Lincoln ElectricLECOUSIndustrials$85.6M+4.6%
524Applied OptoelectronicsAAOIUSTechnology$85.5M+55.6%
525MagniteMGNIUSTechnology$84.7M−11.1%
526Irhythm HoldingsIRTCUSHealthcare$84.6M+18.4%
527VertexVERXUSTechnology$83.7M+25.6%
528GracoGGGUSIndustrials$82.3M−5.7%
529Par TechnologyPARUSTechnology$81.8M+21.6%
530Halozyme TherapeuticsHALOUSHealthcare$81.5M+3.1%
531Ligand PharmaceuticalsLGNDUSHealthcare$81.2M+278.9%
532Cooper-Standard HoldingsCPSUSConsumer discretionary$80.6M−2.6%
533Twist BioscienceTWSTUSHealthcare$80.3M−11.6%
534MedlineMDLNUSHealthcare$80.0M+19.4%
535BradyBRCUSConsumer discretionary$79.9M+17.9%
536Penguin SolutionsPENGUSTechnology$79.8M−2.1%
537EvercommerceEVCMUSTechnology$79.0M+3.7%
538Opendoor TechnologiesOPENUSReal estate$79.0M−44.0%
539VicorVICRUSTechnology$78.6M+14.0%
540Nvent ElectricNVTUSIndustrials$78.5M+18.8%
541FlexFLEXUSTechnology$78.2M+19.2%
542ConocoPhillipsCOPUSEnergy$78.0M−3.7%
543StratasysSSYSUSTechnology$77.3M−22.0%
544Huckleberry.AiDOMOUSTechnology$77.2M−12.2%
545Arcutis BiotherapeuticsARQTUSHealthcare$77.1M+0.8%
546Acushnet HoldingsGOLFUSConsumer discretionary$76.5M+12.8%
547HarmonicHLITUSTechnology$76.3M+5.2%
548Alphatec HoldingsATECUSHealthcare$76.3M−5.5%
549Pagaya TechnologiesPGYUSFinancials$75.2M−1.8%
550West Pharmaceutical ServicesWSTUSHealthcare$74.3M+7.5%
551Arlo TechnologiesARLOUSIndustrials$73.7M+0.6%
552Watts Water TechnologiesWTSUSIndustrials$73.5M+4.4%
553Osi SystemsOSISUSTechnology$73.4M+12.5%
554Commerce.comCMRCUSTechnology$73.0M−9.7%
555American WellAMWLUSTechnology$72.9M−15.3%
556AgilysysAGYSUSTechnology$72.7M+16.6%
557Snap-OnSNAUSIndustrials$72.4M+8.1%
558Clear SecureYOUUSTechnology$72.4M−1.3%
559Genedx HoldingsWGSUSHealthcare$72.0M+57.5%
560Gates IndustrialGTESUSIndustrials$71.9M+8.1%
561ArdelyxARDXUSHealthcare$71.5M+36.7%
562CaredxCDNAUSHealthcare$71.4M−1.5%
563Procept BioroboticsPRCTUSHealthcare$71.3M+14.4%
564IngredionINGRUSConsumer staples$71.0M+6.0%
565Axalta Coating SystemsAXTAUSMaterials$71.0M−4.1%
566Trinet GroupTNETUSTechnology$71.0M+4.4%
567VeracyteVCYTUSHealthcare$70.8M+2.2%
568FlywireFLYWUSTechnology$70.2M+5.4%
569Keurig Dr PepperKDPUSConsumer staples$70.0M0.0%
570NCR AtleosNATLUSTechnology$70.0M+12.9%
571IdexIEXUSIndustrials$70.0M+3.9%
572AgntAGNTUSReal estate$69.6M+19.7%
573Fox FactoryFOXFUSConsumer discretionary$69.4M+15.1%
574RiskifiedRSKDUSTechnology$69.4M+2.0%
575Corsair GamingCRSRUSTechnology$69.1M+2.4%
576A10 NetworksATENUSTechnology$69.1M+19.7%
577Transmedics GroupTMDXUSHealthcare$69.1M+23.4%
578Deckers OutdoorDECKUSConsumer discretionary$68.9M+21.6%
579SPS CommerceSPSCUSTechnology$68.7M+9.3%
580NordsonNDSNUSIndustrials$68.2M+5.0%
581EchostarECHOUSCommunication services$68.0M−25.3%
582CerusCERSUSHealthcare$67.7M+15.0%
583Element SolutionsESIUSMaterials$67.6M+7.3%
584AdeiaADEAUSCommunication services$67.5M+13.3%
585NerdwalletNRDSUSTechnology$66.7M−19.2%
586CricutCRCTUSIndustrials$66.5M+10.1%
587MannkindMNKDUSHealthcare$66.3M+44.6%
588Orthofix MedicalOFIXUSHealthcare$65.8M−10.6%
589Callaway GolfCALYUSConsumer discretionary$65.5M+2.2%
590Msa SafetyMSAUSHealthcare$65.3M−1.8%
591OusterOUSTUSIndustrials$65.2M+12.2%
5923d SystemsDDDUSTechnology$65.0M−24.8%
593Figure Technology SolutionsFIGRUSFinancials$64.9M+3.6%
594HeartflowHTFLUSHealthcare$64.9M+49.2%
595Tarsus PharmaceuticalsTARSUSHealthcare$64.3M+20.5%
596PDF SolutionsPDFSUSTechnology$64.2M+19.9%
597SeaboardSEBUSIndustrials$64.0M−43.4%
598Digi InternationalDGIIUSTechnology$63.7M+5.6%
599Conagra BrandsCAGUSConsumer staples$62.7M+3.1%
600StoneridgeSRIUSConsumer discretionary$62.5M−13.4%

All figures from SEC filings · FY2025 · 100

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