CompaniesRanked

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

Companies that spend the most on research and development — page 13

Ranks 1201–1270 of 1270 · Fiscal year 2025 · Data as of September 25, 2026

R&D expense
#CompanyR&D expenseYoY15-year trend
1201Youlife GroupYOULCNConsumer discretionary$2.4M—
1202Celsius HoldingsCELHUSConsumer staples$2.4M+140.0%
1203Oil-Dri Corp of AmericaODCUSConsumer discretionary$2.4M+14.3%
1204American BitcoinABTCUSFinancials$2.3M−42.9%
1205Circle8 GroupCIRCUSIndustrials$2.3M+43.7%
1206Nasus PharmaNSRXILHealthcare$2.2M+567.8%
1207Xtant MedicalXTNTUSHealthcare$2.1M−11.9%
1208Flexsteel IndustriesFLXSUSIndustrials$2.1M0.0%
1209Rush EnterprisesRUSHAUSConsumer discretionary$2.0M—
1210NCS MultistageNCSMUSEnergy$2.0M0.0%
1211Natures Sunshine ProductsNATRUSHealthcare$1.9M+11.8%
1212Canopy GrowthCGCCAHealthcare$1.9M−6.6%
1213Flotek IndustriesFTKUSMaterials$1.8M+6.3%
1214Natural Alternatives InternationalNAIIUSHealthcare$1.8M−5.3%
1215UxinUXINCNTechnology$1.8M−62.1%
1216Gibraltar IndustriesROCKUSMaterials$1.7M−41.4%
1217KLX Energy ServicesKLXEUSEnergy$1.7M+21.4%
1218BeachbodyBODIUSConsumer discretionary$1.7M+6.3%
1219Athena Bitcoin GlobalABITUSFinancials$1.6M+15.0%
1220Ridenow GroupRDNWUSTechnology$1.4M−41.0%
1221Fgi IndustriesFGIUSIndustrials$1.4M−16.6%
1222J&J Snack FoodsJJSFUSConsumer staples$1.4M+16.7%
1223Core Molding TechnologiesCMTUSMaterials$1.4M−26.3%
1224LifevantageLFVNUSHealthcare$1.4M+100.0%
1225Tat TechnologiesTATTILIndustrials$1.4M+10.9%
1226Hillman SolutionsHLMNUSIndustrials$1.4M+1.9%
1227Pra GroupPRAAUSFinancials$1.3M0.0%
1228Paradium.AiPAAIUSCommunication services$1.2M+927.2%
1229Autozi Internet Technology (Global)AZIKYConsumer discretionary$1.1M−2.4%
1230Mistras GroupMGUSIndustrials$1.0M−8.1%
1231QuhuoQHCNTechnology$1.0M−30.6%
1232AndersonsANDEUSIndustrials$1.0M+25.0%
1233Cheniere Energy PartnersCQPUSUtilities$1.0M+$1.0M
1234SweetgreenSGUSConsumer discretionary$1.0M−16.7%
1235Freightcar AmericaRAILUSIndustrials$955,000+2,173.8%
1236MGP IngredientsMGPIUSIndustrials$916,000+22.5%
1237Turning Point BrandsTPBUSConsumer staples$900,000−30.8%
1238Kewaunee ScientificKEQUUSTechnology$898,000−2.3%
1239Marine ProductsMPXUSIndustrials$822,000−14.4%
1240Curaleaf HoldingsCURLFUSHealthcare$805,000−43.3%
1241MetallusMTUSUSMaterials$800,000−52.9%
1242FreshpetFRPTUSConsumer staples$800,000−33.3%
1243Solo BrandsSBDSUSConsumer discretionary$800,000−52.9%
1244CangoCANGUSFinancials$748,980−82.3%
1245Acacia ResearchACTGUSFinancials$735,000+17.4%
1246TerawulfWULFUSFinancials$671,493−22.8%
1247Newegg CommerceNEGGUSConsumer discretionary$615,334+26.9%
1248Lesaka TechnologiesLSAKZAFinancials$500,0000.0%
1249Ampco PittsburghAPUSIndustrials$494,000+12.0%
1250InotivNOTVQUSHealthcare$405,000−34.4%
1251Vita CocoCOCOUSConsumer staples$399,000+0.3%
1252Ispire TechnologyISPRUSConsumer staples$363,301−53.4%
1253Tilray BrandsTLRYUSHealthcare$361,000+27.1%
1254SNDLSNDLCAHealthcare$350,005+38.5%
1255Mama's CreationsMAMAUSConsumer staples$288,000−36.7%
1256Nutex HealthNUTXUSTechnology$285,880−48.7%
1257ImmersionIMMRUSTechnology$281,000−79.6%
1258Acme UnitedACUUSIndustrials$251,000−57.9%
1259Genie EnergyGNEUSUtilities$207,000+430.8%
1260Lakeland IndustriesLAKEUSHealthcare$200,0000.0%
1261Air TAIRTUSIndustrials$195,653−81.2%
1262AemetisAMTXUSMaterials$152,000−15.6%
1263TerrascendTSNDFCAConsumer staples$136,000—
1264Perma-Pipe InternationalPPIHUSIndustrials$100,000−80.0%
1265MarimedMRMDUSHealthcare$93,106—
1266LifemdLFMDUSHealthcare$23,925—
1267Riot PlatformsRIOTUSFinancials$20,033−92.0%
1268Flowers FoodsFLOUSConsumer staples$9,300−99.8%
1269CleansparkCLSKUSFinancials$7,190+1,116.6%
1270Dominari HoldingsDOMHUSFinancials$3,000−99.6%

All figures from SEC filings · FY2025 · 70

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